By and  on June 14, 2011

Retail stocks had their best outing since November on Tuesday, shooting up 2.3 percent as May sales declined less than expected and investors applauded J.C. Penney Co. Inc.’s choice of Ron Johnson as its next chief executive officer.

The S&P Retail Index rose 11.33 points to 507.73 with a big push from Penney’s, which rose 17.5 percent to $35.37. And the Dow Jones Industrial Average retook the 12,000 mark, gaining 1 percent, or 123.14 points, to 12,076.11.

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