By and  on June 25, 2009

Retail shares logged their first gain of the week Wednesday, advancing 0.7 percent after the Federal Reserve said the pace of the recession was slowing.

The S&P Retail Index increased 2.11 points to 311.34, as the Dow Jones Industrial Average dipped 0.3 percent, or 23.05 points, to close at 8,299.86. Gainers included Stein Mart Inc., up 12.7 percent to $7.82; Chico’s FAS Inc., 5.2 percent to $9.96; Macy’s Inc., 4.6 percent to $11.39, and Nordstrom Inc., 4.4 percent to $19.08.

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