By  on March 22, 2010

Retail stocks ended a seven-session winning streak with a Friday decline but still finished ahead for the week.

The S&P Retail Index slid 0.3 percent on Friday to 445.48, reducing its advance last week to 0.7 percent and its year-to-date progress to 8.4 percent. Retail issues have enjoyed increases without interruption for each of the last six weeks, dating back to Feb. 8 to 12.

Of 172 stocks tracked by WWD in the retail, apparel and beauty sectors, 99 had increases, 66 had decreases and seven were flat for the week.

Anxiety about Congress’s health-care debate and unresolved worries about Greek sovereign debt and Chinese credit contributed to a generally bad day for stocks Friday, when the Dow Jones Industrial Average saw its streak of up sessions end at eight with a 0.4 percent decline to 10,741.98. Still, the Dow managed a 1.1 percent increase last week and is ahead 3 percent for the year. Despite declines during the week’s final session, the S&P 500 and Nasdaq Composite advanced 0.9 percent and 0.3 percent for the week, respectively, and are up 4 percent and 4.6 percent this year.

Asian markets were up on Friday, leaving Japan’s Nikkei 225, China’s SSE Composite Index and Hong Kong’s Hang Seng Index with increases of 0.7 percent, 1.8 percent and 0.8 percent, respectively, for the week. In Paris, the CAC 40 was off less than 0.1 percent last week while London’s FTSE 100 perked up 0.4 percent.

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