By and  on January 26, 2012

U.S. stock markets closed flat today as an unexpected drop in the number of new home sales December blunted some of the optimism spurred on by the Federal Reserve's pledge to keep interest rates low until at least late 2014.

The S&P Retail Index inched up 0.1 percent, or 0.58 points, to 556.43, as the Dow Jones Industrial Average slipped 0.2 percent, or 22.33 points, to 12,734.63.

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