By  on October 6, 2009

Retail shares rose 1.4 percent Monday — only the second increase for the sector during the last 10 trading sessions — as investors turned their attention toward September same-store sales reports due out Thursday.

The S&P Retail Index rose 4.95 points to 372.34. Retail shares slid 1.3 percent last week as the U.S. unemployment rate hit 9.8 percent, lender CIT Group Inc. flirted with bankruptcy a second time and investors reconsidered their positions because of continuing consumer weakness.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus