By  on June 15, 2009

Retail stocks rose 0.8 percent on Friday, not quite enough to put them into positive territory for the week.

The S&P Retail Index ended the session at 332.07, off 0.6 percent from its June 5 endpoint, but still 18.9 percent ahead of the 279.26 mark at which it ended 2008. Concerns about the rising cost of gasoline and the still sluggish pace of retail sales in other categories prevented store equities from building momentum last week after gains on Monday and Tuesday.

The major indices all finished last week with gains, including a 0.4 percent advance for the Dow Jones Industrial Average and a 0.7 percent improvement for the S&P 500. The Dow’s advance allowed it close above its 2008 finish for the first time this year.

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