By  on March 10, 2009

Beleaguered retailers regained some of the ground recently lost on Wall Street Tuesday, and many of the biggest gains went to the most battle-scarred firms.


Retailers didn’t prompt the buying spree, a distinction that went to Citigroup Inc. after the company reported it had operated profitably in the first two months of the year. But, along with financial stocks, the retail sector was among the biggest beneficiaries of the one-day run-up.

The S&P Retail Index logged a 17.66 point, or 7.7 percent, gain for the day, its biggest percentage increase since the 8.1 percent pickup of Nov. 13 and the sixth largest since its recalibration in June 2002. The top two advances in the index were a 13.6 percent jump last Oct. 28 and a 10.6 percent bound on Nov. 24.

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