RETAIL STOCKS RISE WITH DOW

NEW YORK — The Dow racked up its biggest day of the young century Wednesday, gaining 320.17, or 3.26 percent, to close at 10,131.41.
Retailer stocks were among the greatest beneficiaries as the Dow enjoyed the fourth biggest point gain in its history and its first finish over 10,000 in four sessions.
Fears about the viability of high tech companies sent money streaming out of the Nasdaq, which closed down nearly 124 points at 4582.68, and back into many of the broadline and specialty retailer stocks.
Ames Department Stores, which tacked on nearly a third to its value to close at 21 3/4, and The Talbots, fortified by a strong earnings report, added more than 15 percent to its value, closing at 47 1/16.
Other retailers with one-day price gains in excess of 10 percent were: Lands’ End, up 5 1/2 to 43 5/8; The TJX Companies, 1 7/8 to 17; Dollar General, 2 3/8 to 22 1/2; Pacific Sunwear, 2 15/16 to 28 1/8; May Department Stores, 2 7/8 to 28; American Eagle Outfitters, 2 15/16 to 30; and Federated Department Stores, 3 13/16 to 39 15/16.
Among suppliers, Estee Lauder was up 4 7/16 to 45; Nike gained 4 1/8 to 33; and Guess tacked on 2 1/4 to finish at 25 3/8.

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