By  on November 18, 2009

Retail stocks slid 1.4 percent on Tuesday, as Target Corp. and The TJX Cos. Inc. took a cautious stance toward the holiday season even as they posted improved third-quarter profits compared with a year ago.

The S&P Retail Index fell 5.64 points to 404.23. The Dow Jones Industrial Average gained for the third consecutive day, rising 0.3 percent, or 30.46 points, to 10,437.42, the highest level in 13 months. Shares of Target dropped 3 percent to $48.77 and TJX dipped 1.5 percent to $38.91.

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