8-13-13 10:15 AM EDT | Email Article
 

By Kate Gibson, MarketWatch

 

NEW YORK (MarketWatch) -- U.S. stocks turned lower on Tuesday, with the S&P 500 extending losses into a third session, after retail sales rose less than estimated in July.

 

A report released by the Commerce Department ahead of the open had retail sales rising 0.2% last month after a 0.6% gain in June that was larger than initially estimated.

 

"Consumers are still spending, although limited income growth appears to also be holding spending increases in check," Jim Baird, chief investment officer at Plante Moran Financial Advisors, wrote in emailed research.

 

The Dow Jones Industrial Average (DJI) fell 62.59 points, or 0.4%, to 15,357.09, with insurer Travelers Cos. (TRV) pacing losses that included all but five of its 30 components.

 

The S&P 500 index (SPX) lost 5 points, or 0.3%, to 1,684.47, with telecommunications and consumer discretionary leading losses among its 10 major sectors.

 

The Nasdaq Composite (RIXF) declined 16.26 points, or 0.4%, to 3,653.71.

 

For every share rising, roughly three fell on the New York Stock Exchange, where 98 million shares traded as of 10:10 a.m. Eastern.

 

Composite volume hit 449 million.

 

The dollar(DXY) gained against the currencies of major U.S. trading partners, including the yen (USDJPY) and the euro (EURUSD). The yield on the 10-year Treasury note (10_YEAR) rose 7 basis points to 2.694%.

 

The price of gold futures(GCZ3) fell $5.80, or 0.4%, to $1,328.40 an ounce and crude oil for September delivery was off 38 cents, or 0.4%, at $105.73 a barrel.

 

Federal Reserve Bank of Atlanta President Dennis Lockhart is expected to talk about the economic outlook in an afternoon speech.

 

J.C. Penney Co. (JCP) retreated 3.2% after activist investor Bill Ackman resigned from the retailer's board, ending efforts to oust CEO Mike Ullman.

 

Yum Brands Inc. (YUM) declined 3% a day after the fast-food chain said sales in China fell last month.

-Kate Gibson; 415-439-6400; AskNewswires@dowjones.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

08-13-13 1015ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/8/13 - UPDATE: U.S. stocks fall after mixed retail report
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: UPDATE: U.S. stocks fall after mixed retail report  |  Next: UPDATE: U.S. stocks fall ahead of Fed decision