By and  on March 14, 2013

Amazon.com slipped today, dragging down the retail sector as the Wall Street rally pressed on, driving the Dow Jones Industrial Average to another new high.

Amazon.com stock fell 3.4 percent to $265.70 after J.P. Morgan downgraded the stock, leading the S&P 500 Retailing Industry Group down 0.7 percent, or 4.90 points, to 725.71. The Dow gained 0.6 percent, or 83.86 points, to 14,539.14—a new peak for blue chip stocks.

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