DOW LEAPS ON THURSDAY AND TAKES RETAILERS ALONG

NEW YORK — Several retail stocks were launched into the stratosphere Thursday as the broader market continued its spectacular rally for the second straight day.
The Dow Jones Industrial Average shot up 499.19 points, or 4.93 percent, to 10,630.60, its largest rise ever in point terms. The surge followed Wednesday’s 320-point rise.
Even technology stocks ended a three-day losing streak and joined the rally, with the Nasdaq composite index rising 134.67 points, or 2.94 percent, to 4,717.29.
It was the seventh largest point gain ever for the Nasdaq.
Breathtaking leaps were seen by Target Corp., 7 1/8 to 71 1/8; Lands’ End, 9 3/8 to 53, and Tiffany & Co., 9 7/8 to 79 9/16. Kohl’s, which this month made its debut in the New York metropolitan region, catapulted 9 7/16 to 94 75/8, shattering its all-time high of 89.
Ames Department Stores shot up 5 1/4 to 27 after reporting earnings climbed 36 percent and beat analyst’s consensus estimate by two cents.
Gucci Group surged 6 13/16 to 96 5/16, Liz Claiborne ran up 5 to 46 5/8, Jones Apparel Group romped ahead 3 3/38 to 29 3/8 and VF Corp. jumped 3 to 26 7/8.
But most of the eye-popping gains were spread more freely among retailers, including American Eagle Outfitters, 5 5/8 to 35 5/8; May Department Stores, 3 7/8 to 31 7/8, and the Gap Inc., 3 3/4 to 48 3/4.
Others to catch the wave included The Limited Inc., 3 13/16 to 39 1/2, Intimate Brands, 4 3/16 to 38 15/16, and Wal-Mart, 3 to 54 1/2.
Other notable retail gainers included Bebe Stores, 2 1/8 to 13 5/8; Dillard, 1 11/16 to 16 11/16; Claires Stores, 2 1/2 to 20; Federated Department Stores, 1 3/4 to 41 1/16; Chicos FAS, 2 3/16 to 16; Saks Inc., 1 1/16 to 14 15/16; Sears, 1 9/16 to 30 5/8, and Neiman Marcus, 1 1/2 to 25.
Avon Products added 3 7/8 to 34; Estee Lauder Cos., 2 3/16 to 47 3/16, and International Flavors & Fragrances, 1 9/16 to 35 3/8.
Watch maker Fossil tacked on 2 1/16 to 22 15/16.
Other apparel vendors gaining ground: Columbia Sportswear, 2 11/16 to 22 1/4; Kenneth Cole Productions, 1 3/16 to 53 13/16, Tommy Hilfiger, 1 to 14 1/8, and Warnaco Group, 7/8 to 11 13/16.

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