Stocks Slip on Retail Company Earnings Woes, Small Caps Slide

Indices fell on disappointing earnings from retailers such as Staples and Urban Outfitters on Tuesday while small caps relinquished Monday's gains, shedding almost 2%.
Author:
Publish date:

Indices fell on disappointing earnings from retailers such as Staples and Urban Outfitters on Tuesday while small caps relinquished Monday's gains, shedding almost 2%. Credit Suisse was higher after agreeing to pay a $2.5 billion fine to U.S.authorities for helping Americans evade taxes, opening the way for similar cases against big banks. Concerns are growing that second quarter U.S. GDP may not be sufficiently strong to bolster the market - at almost halfway through the year, the S&P 500 is up just over 1% and seeking catalyst to move higher. Jane Searle speaks to Matt Cheslock at the NYSE.