By  on March 30, 2011

Retail stocks gained 1.4 percent Wednesday as a solid report on private-sector employment gave investors additional confidence in the economic recovery.

The S&P Retail Index rose 6.99 points to 519.71 as the Dow Jones Industrial Average advanced 0.6 percent, or 71.60 points, to close at 12,350.61. Both measures are within striking distance of their highs for the past year.

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