By  on May 18, 2009

Retail stocks jumped 4.5 percent after encouraging news from the troubled home improvement sector.

The S&P Retail Index advanced 13.97 points to 326.86 as the Dow Jones Industrial Average rose 2.9 percent, or 235.44 points, to 8,504.08 — the index’s third close above 8,500 since Jan. 9.

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