NEW YORK — Retail stocks took a nasty spill Monday after weekly sales reports signaled a rough September.
It was a tough day for the markets overall with the Standard & Poor’s retail index off 10.71 points, or 3.6 percent, to 283.76. Other indices dropped less dramatically: the Dow Jones Industrial Average sank 113.87 points, or 1.4 percent, to close at 7,872.15, and the broader Standard & Poor’s 500 slid 11.69 points, also 1.4 percent, to 833.70. The Nasdaq Composite staggered 36.16 points, or 3 percent, to 1,184.93 — its first closing below 1,200 since September 1996.
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