CORRECTED-US STOCKS-Wall Street dips as retailer earnings disappoint
(Corrects name of chain store in second line of second paragraph to TJ Maxx from TJX Maxx.)
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By Chuck Mikolajczak
NEW YORK, May 20 (Reuters) - U.S. stocks dipped on Tuesday, weighed down by retailers after earnings from TJX Companies and Staples.
TJX shares slumped 5.7 percent to $55.07 as the biggest drag on the S&P 500 after the owner of off-price chain stores TJ Maxx and Marshalls reported lower-than-expected quarterly revenue.
Staples Inc tumbled 10.8 percent to $11.95 after the office supply retailer posted first-quarter earnings and forecast a decline in sales in the current quarter. The S&P retail index fell 0.4 percent. Continuación...