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Friday, November 20, 2009
Retail Stocks Reverse Loss; Gap Profit Tops Mark
By Andria Cheng
MarketWatch Pulse
NEW YORK -- Retail stocks reversed an earlier decline to head higher in early trading Friday as Gap Inc. and Ann Taylor Stores Corp.'s third-quarter profit results topped Wall Street expectations. Gap shares were up 0.3%. Ann Taylor stock zigzagged as investors weighed against the better-than-expected profit and a sales shortfall. The S&P Retail Index was up 0.2% to 401.49.
Copyright © 2009 MarketWatch, Inc.
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