Retailers are pulling stocks lower on Wall Street following disappointing news about the holiday shopping season.
Discouraging news on holiday sales sent retailers lower. Macy's and Urban Outfitters each lost 3 percent.
In the two months before Christmas, sales of electronics, clothing, jewelry and home goods increased just 0.7 percent compared with the same period last year, according to The MasterCard Advisors SpendingPulse report.
That's well below the growth of 3 to 4 percent growth that analysts had expected and the worst performance since 2008.
Trading was relatively quiet. European markets were still closed.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Top Money Headlines