Retail stocks had their best day in almost seven months Tuesday, rising 2.3 percent as investors drove markets up in a bet that the embattled Greek government would be able to skirt a debt default.

 

The S&P Retail Index gained 11.74 points to 519.39 and the Dow Jones Industrial Average rose 0.9 percent, or 109.63 points, to 12,190.01.

 

Among the retailers gaining strongly were Destination Maternity Corp., up 8.8 percent to $18.77; Ann Inc., 4.4 percent to $27.56; Guess Inc., 4 percent to $43.24, and Limited Brands Inc., 3.1 percent to $37.48.

 

Despite the rally, shares of American Apparel Inc. fell 4 percent to 96 cents ahead of the company’s annual meeting, held at 2 p.m. PDT.

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