14.37%QQQQ 35.13 12.16%XLF 16.18 7.15%
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NEW YORK - Shares of discount apparel retailer Ross Stores Inc. touched an all-time high Thursday as the broader markets rallied on positive May sales data.
| ROST | 29.15 |  0.89 |
The stock gained 43 cents to $36.50 after setting the $37.45 high earlier in the session.
The Commerce Department said Thursday that retail sales, on an apparent boost from tax-rebate checks, rose 1 percent last month, double what had been expected.
The jump was the largest since November 2007.
That's more good news for Pleasanton, Calif.-based Ross Stores, which just last week said its own same-store sales rose 7 percent in May.
Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance because it measures growth at existing stores rather than newly opened ones.
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