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An early gain for stocks is gone by midday; retailers sink

 

NEW YORK — U.S. stocks are wavering between small gains and losses at midday after a mid-morning rally faded.

Retailers had some of the biggest losses Thursday. Ralph Lauren plunged 17 percent after its revenue fell short of forecasts. Kohl’s also sank 17 percent.

GoPro tumbled 13 percent after the maker of wearable cameras issued disappointing results.

The price of oil gave up an early gain and edged lower.

The Dow Jones industrial average edged up nine points, less than 0.1 percent, to 16,346 as of 11:45 a.m. Eastern time.

The Standard & Poor’s 500 index lost six points, or 0.4 percent, to 1,905. The Nasdaq composite gave up 16 points, or 0.4 percent, to 4,487.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.85 percent.

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