By  on July 18, 2008

Energized by falling oil prices, the stock market surged for a second straight day Thursday and retail stocks again set the pace with gains as dizzying as declines earlier in the week.

The Standard & Poor's Retail Index outpaced the Dow Jones Industrial Average and the S&P 500, as it did Wednesday, closing 3.5 percent higher at 353.66, up 11.94 points.

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