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Byline: KATHARINE STALTER
NYSE stocks dipped Tuesday on higher volume. The S&P 500 slid 0.4% and the Dow 0.5%.
Retailers led the decline as the International Council of Shopping Centers, a trade group, trimmed its sales forecast for November.
Much of the group's revision was due to Wal-Mart Stores, which had a disappointing Thanksgiving week. Its stock withered 1.09 to 52.06, its second straight day declining in unusually heavy volume.
RadioShack tanked 1.91 to close at 31.57 in four times typical trade. The electronics retailer's stock has been forming a saucer base since February. The firm's earnings growth has been strong, above 24% the past five quarters. But that's offset by wimpy, low-single-digit sales growth.
Clothing store Chico's FAS dropped 1.40 to 38.60 on more than double average volume, closing at its 50-day trend line. The stock has cut below its 200-day three times since July. After Tuesday's close, the firm said third-quarter earnings per share jumped 39% to 41 cents. It racked up sales of $269.8 million, up 28% but slightly below ...