By  on August 19, 2009

Retail stocks climbed 1.8 percent Tuesday, regaining almost half of the ground lost in Monday’s sell-off.

The S&P Retail Index rose 6.18 points to 354.64, after starting the week with a 13.23-point decline as investors around the world fretted about consumer spending. The Dow Jones Industrial Average also won back some lost ground and increased 0.9 percent, or 80.60 points, Tuesday to close at 9,217.94. Global markets sprang back as well, with the FTSE 100 in London and the CAC 40 both up 0.9 percent. The Hang Seng Index in Hong Kong advanced 0.8 percent.

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