Department store chain Dillard's (DDS) - Get Report was down 4.3% to $22.83 after Merrill Lynch cut its near-term rating on the stock to reduce/sell from neutral. Merrill cut a host of retailers, sending many stocks in the sector lower. Federated (FD) , Gymboree (GYMB) , Jones Apparel (JNY) and May Department Stores (MAY) , among others, were also downgraded.