By  on January 8, 2009

Signs of continued weakening in the job market ended a five-day retail stocks rally and helped push down shares in the sector 2.9 percent.

The Standard & Poor’s Retail Index lost 8.83 points to close at 292.79 on Wednesday after rising 12.2 percent in the five prior trading sessions. The Dow Jones Industrial Average slid 2.7 percent, or 245.40 points, to 8,769.70 after aluminum giant Aloca Inc. said it would lay off 13,500 workers to trim costs.

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