US STOCKS-Wall St ends lower after recent highs; small caps raise concern

miércoles 14 de mayo de 2014 16:40 GYT

* Investors watch struggling small-cap index

* Deere shares fall after results; Macy's dips

* Dow down 0.6 pct, S&P 500 down 0.5 pct, Nasdaq down 0.7 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, May 14 (Reuters) - U.S. stocks fell on Wednesday, with the Dow and S&P 500 retreating from recent record highs, as small caps resumed their sell-off and consumer discretionary shares lagged.

The S&P consumer discretionary index was down 1.1 percent and led the decline on the S&P 500. The S&P retail index lost 1.1 percent.

Macy's shares dipped 0.2 percent to $57.83 after the department store operator reported sales that missed expectations. Retailer Fossil Group Inc was the biggest percentage decliner on the S&P 500, a day after it gave a second-quarter profit outlook that was much lower than expected. Shares sank 10.3 percent to $100.00.

Some analysts are focusing on retailers' results for signs the economy is stabilizing after weakness over the winter months.

"A lot of people are looking for evidence to confirm the tough winter was the only reason we saw slowing" in economic activity, said Joe Bell, senior equity analyst at Schaeffer's Investment Research in Cincinnati, Ohio.   Continuación...