NEW YORK - Shares of broadline retailers closed down on Friday, following the market down as oil prices spiked to a new trading record, causing investor concern.
Also pressuring the sector was the Reuters/University of Michigan consumer sentiment reading for May, which fell to 59.5, the weakest reading since June 1980. Consumers have been squeezed by rising gas and food prices, which has cut into discretionary spending.
Here's how broadline retailers fared on Friday:
Wal-Mart Stores Inc., down 8 cents to $57.04.
Sears Holdings Co., down $1.94, or 2 percent, to $94.91.
Costco Wholesales Corp., down $1.18 to $73.27.
BJ Wholesale Club Inc., down 76 cents to $39.26.

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