By  on March 16, 2009

Following the major indices, retail shares extended their rally to a fourth day Friday, racking up a 14.8 percent gain for the week as the broader stock market rebounded from 11-year lows.

The S&P Retail Index advanced 1.4 percent, or 3.63 points, on Friday to 262.69 in the week’s final trading session, outpacing the Dow Jones Industrial Average, which rose 0.8 percent, or 53.92 points, to 7,223.98. Despite the recent turnaround, retail shares still have lost 35.3 percent of their value over the last six months as the Dow fell 36.8 percent.

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