TSC 21 Index Eases on Retailers' Weakness

Some of the retailers proved a drag on the TSC 21 Wednesday. Best Buy(BBY Quote - Cramer on BBY - Stock Picks) slid $1.82, or 3.85%, to $45.50, one day after the consumer-electronics retailer hit a 52-week high. Elsewhere, Kohl's(KSS Quote - Cramer on KSS - Stock Picks) fell 1.6% to $54. Morgan Stanley trimmed its second-quarter earnings estimate on the department store giant by 3 cents a share to 38 cents to reflect flat same-store sales for May and possibly negative same store sales for June.

In TSC 21 corporate news, Maytag(MYG Quote - Cramer on MYG - Stock Picks) plucked George Moore from Danaher to be its new chief financial officer. Moore replaces Steven Wood, who left the company "to pursue other opportunities." Maytag eased 0.6% to $25.42; the news was announced after the closing bell.

The index was assigned an opening value of 1000, based on the closing prices of the 21 components' share prices on July 3. It is up 2.2% since its creation.

We've selected 21 companies that are extraordinarily suited to serve as a reality check for the rally. The 21 companies represent a diverse range of industries, but unlike indices designed to represent the broader market, such as the Dow Jones Industrial Average or the S&P 500, TheStreet.com 21 doesn't represent every sector of the economy. Our goal in choosing TheStreet.com 21 was to select stocks that were hypersensitive to the times. If the economic landscape truly has improved, TheStreet.com 21 should reflect it first, and rise accordingly. If the economy is stalling, the index will decline -- a harbinger of bad news to come. Click here to read more about the index and click here to view the entire chart of TheStreet.com 21 components, including the reasons for their inclusion.

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