By  on February 20, 2009

The Dow Jones Industrial Average closed below the 7,500 mark for the first time since 2002, but retail stocks managed to hold onto most of the gains made earlier in the day and post their first winning session since Feb. 11.

Coming off morning gains, the S&P Retail Index finished Thursday’s session at 251.98, up 1.97 points or 0.8 percent. It had climbed as high as 256.91 during the session.

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