By  on April 16, 2010

The S&P Retail Index and the three major U.S. indices sustained losses of more than 1 percent on Friday, and all but the S&P 500 managed to register gains for the week.

Spooked by the Securities and Exchange Commission’s fraud charges against Goldman Sachs for its role in the packaging of subprime mortgage securities, retail stocks followed the rest of the market downward on Friday. The S&P Retail Index was off 1.4 percent to 475.38, breaking a six-session winning streak but finishing ahead 1.5 percent for the week and 15.6 percent for the year-to-date. It’s now advanced nine of the last 10 weeks.

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