By  on December 26, 2012

Retail shares in the U.S. dropped nearly 2 percent as disappointment over holiday sales merged with ongoing anxiety about the approach of the fiscal cliff.

The S&P 500 Retailing Industry Group was down 11.2 points, or 1.7 percent, to 642.87 while, in the broader market, the Dow Jones Industrial Average fell 24.49 points, or 0.2 percent, to 13,114.59. The S&P 500 slid 6.83 points, or 0.5 percent, to 1,419.83.

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