By  on March 23, 2009

Retail stocks shot up 6.4 percent Monday, their second-biggest gain for the year, as the broader market rallied on government plans to unclog the financial system by establishing a public-private partnership that could eventually buy up $1 trillion in real estate debt.

Concerns over what the Treasury Department would do about the questionable debt had vexed markets and bank stocks for months, but the plan only tangentially touches retailers and consumers who are still waiting for economic relief of their own. Still, stability in the banking sector would be good news for the economy overall.

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