By  on July 20, 2010

Retail stocks rose 0.4 percent Monday, making up some of the ground lost in Friday’s 3.3 percent drop.

There’s little indication the still-depressed markets are ready to take a decisive move up, as early second-quarter reports from major banks have painted a somewhat mixed picture of the economy. And investors are waiting for retailers to weigh in with their outlooks for the rest of the year when they report second-quarter results next month. Investors are also keeping a close eye on consumers, who have had their confidence shaken by continued weakness in employment.

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