By  on June 3, 2009

Retail stocks extended gains from Monday’s rally and rose 1.5 percent Tuesday.

The S&P Retail Index advanced 5.19 points to 343.67, marking a two-day surge of 7.8 percent. Retail stocks shot up Monday as hints of optimism in May economic reports — including a slower decline for U.S. manufacturing and more job postings online — outshined the historic bankruptcy of General Motors Corp.

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