By  on October 2, 2009

A third straight day of declines in retail shares suggests the easy money’s been made on Wall Street and both investors and merchants are going to have to work harder for their gains from here on out.

On Thursday, the S&P Retail Index had its worst showing in a month, falling 1.9 percent, or 7.10 points, to 370.40 — a level still 65.9 percent above early March, at which point the financial crisis had exacted its heaviest toll on stocks, if not necessarily on employment.

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