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Stocks were mostly lower in afternoon trading Wednesday but have been fluctuating between gains and losses amid declining oil prices and losses for retail stocks.

The S&P 500 was down 0.12%, Dow Jones Industrial Average fell 0.14%, and the Nasdaq fell 0.02%.

Macy's (M) - Get Macy's Inc Report shares fell close to 14% after the retailer saw lagging sales of winter clothing because of warmer weather and a decline in tourists visiting Macy's flagship store locations, said CEO Terry Lundgren. Third-quarter revenue was nearly $5.9 billion, down from $6.2 billion a year earlier, marking the third straight quarter that sales have decreased. The company reported adjusted earnings of 56 cents a share, down from 61 cents a year earlier.

J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report shares fell almost 2% despite the company reaching an agreement to settle a class-action lawsuit in California over false advertising. This comes after the retailer's third-quarter same-store sales increased 6.4%, marking its best quarter since the first quarter of 2014.

Kohl's (KSS) - Get Kohl's Corporation Report  slumped 4.85% as the market anticipates disappointing fiscal third-quarter earnings from the retailer on Thursday. Analysts estimated a year-over-year decline in earnings per share, but a slight increase in revenue.

Oil giant Exxon Mobil's (XOM) - Get Exxon Mobil Corporation Report shares declined nearly 1% in midday trading while Chevron (CVX) - Get Chevron Corporation Report fell more than 1%, and Marathon Oil (MRO) - Get Marathon Oil Corporation Report  took a 8.23% hit as lower oil prices pressured the sector.

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According to the American Petroleum Institute, U.S. crude stockpiles increased 6.3 million barrels last week, which was more than expected. West Texas Intermediate crude fell 2.71% on Wednesday to $43.01 a barrel.

Anheuser Busch InBev (BUD) - Get Anheuser-Busch InBev SA/NV Report finalized a $107 billion bid for SABMiller (SBMRY) . A combination of the two companies would create the largest beer company in the world. AB InBev rose over 3%, while SABMiller shares rose over 2%.

Alibaba (BABA) - Get Alibaba Group Holding Ltd. Report fell nearly 2% after reporting record profit on Singles Day, a big shopping holiday for singles. The company reported sales of $10 billion by Wednesday afternoon, beating its prior-year record.

Kroger's (KR) - Get Kroger Co. Report stock was down nearly 0.6% after it announced a deal to buy Midwest grocery store chain Roundy's (RNDY) . Roundy's (RNDY) rose over 64% in early action on Wednesday.

Apache's (APA) - Get APA Corp. Report stock continues to fall near 8% after Anadarko Petroleum (APC) - Get Anadarko Petroleum Corporation Report withdrew an offer to buy the oil and gas company.

"We are unwilling to pursue the transaction without access to detailed non-public information, and based on our analysis, which shows that Apache appears to trade at or near full value currently, the offer was withdrawn," said Al Walker, Anadarko CEO, in a statement.

ADT (ADT) - Get ADT, Inc. Report climbed more than 5% after the company reported quarterly profit of 48 cents a share, exceeding estimates.

The bond market is closed Wednesday for Veterans Day and limited economic data will be released.