By and  on March 4, 2013

Wall Street staged a late day rally today—catching up with the retail sector’s strong showing and putting the Dow Jones Industrial Average within striking distance of its all-time high.

The S&P 500 Retailing Industry Group rose 1.5 percent, or 10.55 points, to 720.37—a new record close for the index, which has broken into new territory several times this year. The Dow Jones had a late-day rush and ended up 0.3 percent, or 38.16 points, to 14,127.82. That’s 37 points shy of the 2007 peak for Blue Chip stocks.

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