By  on December 18, 2009

Retail stocks dipped 0.8 percent Thursday as investors fretted over the credit worthiness of Greece and an unexpected rise in U.S. jobless claims.

The S&P Retail Index slid 3.24 points to 406.72 and the Dow Jones Industrial Average gave up 1.3 percent, or 132.86 points, to close at 10,308.26. Ratings agency Standard & Poor’s cut Greece’s long-term sovereign credit rating to “BBB-plus” from “A-minus” late Wednesday. Dubai, which through its Istithmar investment vehicle owns Barneys New York, has also had debt problems that riled investors.

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