Supermarket Stocks Enjoy Double-Digit Ride

Several food retailers were among those companies that saw their stocks rise in double digits yesterday as the Dow Jones Industrial Average soared 10.9%, reportedly in anticipation of interest-rate cuts by the Federal Reserve.

NEW YORK — Several food retailers were among those companies that saw their stocks rise in double digits yesterday as the Dow Jones Industrial Average soared 10.9%, reportedly in anticipation of interest-rate cuts by the Federal Reserve. Among the industry’s top gainers: A&P, up 13.15%; BJ’s Wholesale, up 10.56%; Costco, up 10.75%; Delhaize Group, up 12.18%; Ruddick Corp., up 10.55%; Sears Holding, up 17.77%; Target Corp., up 17.8%; Winn-Dixie, up 12.48%; and Wal-Mart Stores, up 11.07%.

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