By  on April 18, 2011

Wall Street retreated Monday, pushing retail stocks down 0.8 percent after Standard and Poor’s cut its outlook on U.S. debt, underscoring the stakes in Washington’s debate on how to cut the nation’s looming budget deficits.

The S&P Retail Index slipped 4.33 points to 524.06 as the Dow Jones Industrial Average ended down 1.1 percent, or 140.24 points, to 12,201.59, having recovered from a nearly 250-point drop.

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