By and  on January 29, 2014

Expectations of another cut to the Federal Reserve’s monthly bond buying program were realized late in the day, contributing to a broad decline on Wall Street that sent retail shares down 2 percent.

The S&P 500 Retailing Industry Group fell 17.76 points to 876.98, returning to its losing ways after an up day Tuesday that ended an eight-session losing streak. Retail declines were larger than those in the broader market, where the Dow Jones Industrial Average slid 1.2 percent to 15,738.79 and the S&P 500 was off 1 percent to 1,774.20.

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