By  on June 1, 2009

Retail shares rose 1.8 percent last week, but fell in May as tough first-quarter results and dour projections tempered hopes for a consumer comeback later this year.

The S&P Retail Index dropped 6 percent last month to end at 318.92. The Dow Jones Industrial Average advanced 2.7 percent last week and increased 4.1 percent for the month to close Friday at 8,500.33.

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