By and  on August 7, 2013

U.S. retail stocks took a step back Wednesday after six consecutive positive trading days as uncertainty about the Federal Reserve’s plans continued to weigh on the overall market.

The S&P Retailing Industry Group was off 1.3 percent to 836.47, ending a run of six sessions in which it had risen to record levels. In the broader market, the Dow Jones Industrial Average and the S&P 500 logged their third consecutive day of declines, dropping 0.3 and 0.4 percent, respectively, to 15,470.67 and 1,690.91 as investors worried about the timing and scope of reductions in the Fed’s stimulus program.

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