By  on July 16, 2010

A sharp drop in consumer confidence pushed down retail stocks 3.3 percent Friday and 1.2 percent for the week.

The S&P Retail Index slipped back below 400, falling 13.35 points to 390.58. The Dow Jones Industrial Average retreated 2.5 percent, or 261.41 points, to 10,097.90, losing 1 percent for the week.

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