Markets Right Now: Retailers, energy pull US stocks lower

NEW YORK (AP) — The latest on developments in financial markets (All times local):

11:45 a.m.

U.S. stocks are lower in midday trading, giving up small gains from the day before.

Several retailers were posting hefty losses Tuesday, and technology and health care companies were also lower. Energy companies fell along with the price of crude oil.

TJX Companies, the parent company of T.J. Maxx and Marshalls, slumped 5.9 percent after reporting revenue and earnings that missed analysts' estimates.

Dick's Sporting Goods dropped 6.8 percent after saying its earnings per share could drop as much as 20 percent next year.

The Standard & Poor's 500 index fell 6 points, or 0.3 percent, to 2,578.

The Dow Jones industrial average lost 53 points, or 0.2 percent, to 23,387. The Nasdaq composite index fell 18 points, or 0.3 percent, to 6,739.

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9:35 a.m.

Stocks are opening lower on Wall Street as technology companies, banks and retailers sink.

TJX Companies, the parent company of T.J. Maxx and Marshalls, slumped 4.5 percent early Tuesday after reporting revenue and earnings that missed analysts' estimates.

Dick's Sporting Goods reported a solid quarter but was down 5.9 percent after saying its earnings per share could drop as much as 20 percent next year.

The Standard & Poor's 500 index fell 10 points, or 0.4 percent, to 2,574.

The Dow Jones industrial average lost 73 points, or 0.3 percent, to 23,367. The Nasdaq composite index fell 27 points, or 0.4 percent, to 6,729.