By  on February 8, 2011

Retail stocks hit fresh multiyear highs Tuesday as investors fosteredhopes that the consumer resurgence seen in January would continue.

TheS&P Retail Index jumped 1.5 percent, or 7.6 points, to 517.13 — itsbest close since July 2007. The Dow Jones Industrial Average increased0.6 percent, or 71.52 points, to 12,233.15, a level not seen since June2008.

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