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August 16, 2017

Retail stocks stumble but indexes flat

NEW YORK (AP) — U.S. stock indexes finished Tuesday close to where they started as technology companies and household goods makers rose. But weak reports from sporting goods and auto parts retailers left a lot of smaller companies with steep losses.

Dick's Sporting Goods and Advance Auto Parts both disclosed disappointing second-quarter results and cut their annual forecasts, which affected a slew of other companies. Other retailers also dropped, including Home Depot, which posted strong results. Other groups of stocks managed modest gains.


 
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