By and  on November 20, 2013

U.S. retail stocks joined the major indices in decline today after minutes from the Federal Reserve's meeting last month indicated the central bank could start to pull back on its bond purchases.

The S&P 500 Retailing Industry Group receded 0.5 percent to 911.71, its third consecutive daily decline, while the Dow Jones Industrial Average once again failed to close above 16,000 after hitting the mark in midday trading. The Dow closed down 0.4 percent at 15,900.82 and the S&P 500, also down 0.4 percent, finished at 1,781.37.

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