US STOCKS-Wall St dips after 4-day rally, retailers weigh

jueves 19 de junio de 2014 13:52 GYT
 

* Initial jobless claims fall in latest week

* Philly Fed tops expectations

* BlackBerry jumps after earnings

* Dow down 0.2, S&P down 0.2 pct, Nasdaq down 0.5 pct (Updates to afternoon, changes byline)

By Caroline Valetkevitch

NEW YORK, June 19 (Reuters) - U.S. stocks lost ground on Thursday after four straight days of gains sent the S&P 500 to another record high, with forecasts from companies including Coach weighing on consumer discretionary shares.

Coach Inc's stock dropped 9.2 percent to $35.57 and was the biggest percentage decliner on the S&P 500.

The upscale retailer said during an investor day presentation it expected revenue to fall by low double digits in percentage terms for the year ending June 2015. It also said it would close 70 underperforming stores.

The S&P retail index was down 0.2 percent, while the S&P consumer discretionary index was down 0.4 percent.   Continuación...