Retail stocks slide on Wall Street on poor results

Associated Press
In this Tuesday, Dec. 3, 2013,photo, specialists Joe Parisi, left, and Michael Cacace work at a post on the floor of the New York Stock Exchange. World stock markets were in the red Thursday Dec. 5, 2013 after strong U.S. economic data renewed fears that the Federal Reserve may start cutting its monetary stimulus this month. (AP Photo/Richard Drew)
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In this Tuesday, Dec. 3, 2013,photo, specialists Joe Parisi, left, and Michael Cacace work at a post on the floor of the New York Stock Exchange. World stock markets were in the red Thursday Dec. 5, 2013 after strong U.S. economic data renewed fears that the Federal Reserve may start cutting its monetary stimulus this month. (AP Photo/Richard Drew)

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.

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

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