By and  on February 24, 2009

Retail shares on Monday got wrapped up in the anchor chain of the Dow Jones Industrial Average, which sank to its lowest level in 12 years.

As fears of the unknown on the financial landscape continued to apply pressure on equity markets, the S&P Retail Index declined another 3.4 percent, or 8.44 points, to 241.20, while the Dow Jones index lost 250.89 points, or 3.4 percent, to close at 7,114.78.

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