Retail stocks picked up slightly on Friday, giving them a 1.9 percent advance for the week and a robust 6.1 percent gain for February.
The S&P Retail Index rose 0.1 percent Friday to 421.58, finishing the week in positive territory even as gains on the three major indices failed to pull them into the black for the week or year. The February lift for the retail index outpaced monthly increases of 2.6 percent for the Dow Jones Industrial Average, 2.9 percent for the S&P 500 and 4.2 percent for the Nasdaq Composite. Last week’s improvement for the retail index left it with a 2.6 percent year-to-date increase, versus declines of between 1 and 1.4 percent for the Dow, S&P 500 and Nasdaq.
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