Retail stocks slide on Wall Street on poor results

AP News
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Posted: Dec 05, 2013 11:56 AM
Retail stocks slide on Wall Street on poor results

NEW YORK (AP) — Stocks are mostly lower on Wall Street in early trading as retailers report weak results.

Aeropostale fell after reporting a loss in the third quarter as the teen retailer slashed prices in an effort to pull in shoppers. L Brands, the owner of Victoria's Secret and Bath & Body Works, fell after reporting that its sales dropped 5 percent last month.

The Dow Jones industrial average was down 33 points, or 0.2 percent, to 15,856 as of noon Thursday.

The Standard & Poor's 500 index fell four points, or 0.3 percent, to 1,788. The Nasdaq composite was down seven points, or 0.2 percent, at 4,030.

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The market has fallen over the past four days. If it closes down on Thursday it would match the longest losing streak since September.