The Canadian PressAugust 6, 2013 16:47
NEW YORK, N.Y. - U.S. stocks are closing lower after retailers disappointed the market with weaker profit forecasts.
Investors also worried that the Federal Reserve may be close to reducing its economic stimulus.
The Dow fell 93 points, or 0.6 per cent, to close at 15,518 points Tuesday.
The Nasdaq composite index fell 27 points, or 0.7 per cent, to 3,665.
American Eagle slid 12 per cent to $17.57 after the teen retailer slashed its earnings forecast, blaming weak sales.