Stocks rebounded Thursday, breaking a two-day losing streak as financial stocks recovered and helped push the Dow Jones Industrial Average up 0.7 percent to 11,615.93. The broader Standard & Poor’s 500 was up a milder 0.6 percent to 1,292.93 and the S&P Retail Index handily outperformed the overall market with a 2.1 percent rise to 393.25. Wal-Mart Stores Inc. posted a robust 16.8 percent rise in second-quarter profits, but investors, expecting the firm to do well, yawned and pushed the discounter’s shares up just 0.4 percent to $58.10. On the beauty side of the fashion equation, The Estée Lauder Cos. Inc. boosted fourth-quarter earnings

This story first appeared in the August 15, 2008 issue of WWD. Subscribe Today.

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