By  on November 3, 2009

Retail stocks shrugged off the bankruptcy of middle-market lender CIT Group Inc. and kicked off November with a 0.9 percent rise as the U.S. manufacturing industry showed signs of recovery.

The S&P Retail Index inched up 3.28 points Monday to 383.67 as the Dow Jones Industrial Average advanced 0.8 percent, or 76.71 points, to 9,789.44.

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