Retail stocks fell short in their bid for a 10th consecutive day of gains Tuesday after the Federal Reserve Board’s Open Market Committee issued a lukewarm statement about the economy that included warnings about deflation.
The S&P Retail Index spent some of the day in positive territory but finished down 1.70 points, or 0.4 percent, at 445.26, its first losing session since Sept. 7. An up day would have been the 10th consecutive winner for the index and would have tied a streak that dates back to January 2004, less than two years after its recalibration.
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