Retail Sales Curb Rally; Dow Climbs 37

July retail sales negative despite 'Cash for Clunkers'
By Nick McMaster,  Newser Staff
Posted Aug 13, 2009 3:20 PM CDT
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – A drop in retail sales reported today cooled off yesterday’s post-Fed-meeting rally, the Wall Street Journal reports. Stocks ended with modest gains as the Commerce Department reported a 0.1% drop in July retail sales despite increased car sales under the “Cash for Clunkers” program. The Dow rose 36.58 points to close at 9,398.19. The Nasdaq gained 10.63, settling at 2,009.35, and the S&P 500 added 6.92 to close at 1,012.73.