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Midday Report: Sears Rockets Higher on Amazon Deal; Materials Weigh on Wall Street

Stocks are in flux with investors hesitant to pull benchmark indexes to new records.

Stocks were in flux with investors hesitant to pull benchmark indexes to new records. All three indexes had closed Wednesday at all-time highs. Materials were the biggest losers, while consumer names led gains. Sherwin-Williams (SHW) - Get Sherwin-Williams Company Report was the biggest drag on materials after a disappointing quarterly performance. The paint and coating company also guided for below-consensus third-quarter earnings. Sears Holdings (SHLD) rocketed higher after sealing a deal to sell Kenmore appliances through Amazon.com (AMZN) - Get Amazon.com, Inc. Report . This marks the largest distribution network for Kenmore products outside of Sears stores. The deal sent Home Depot and Lowe's lower. T-Mobile (TMUS) - Get T-Mobile US, Inc. Report reported a jump in quarterly earnings. The telecom also added 1.3 million customers over the three-month period, its 17th consecutive quarter with growth of more than one million.

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