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A disappointing batch of economic data brought stocks down from an early advance, but the market has made a modest rebound amid a downturn by the dollar.
LinkedIn (LNKD 104.90, +59.90) has soured in its debut session. The stock issued its Initial Public Offering at $45 per share, but has rallied to well above $100 per share.
Retailers have had a rough session. Sears Holding (SHLD 73.68, -2.17), Limited (LTD 41.00, -1.45), Buckle (BKE 42.00, -5.90), and Hott Topic (HOTT 7.00, -0.66) are all in the red following their quarterly reports. Discount retailer Dollar Tree (DLTR 63.74, +2.41) is up with a solid gain following its upside earnings surprise, but Big Lots (BIG 33.30, -4.44) has dropped sharply following news that the company is not looking to sell itself.
Semiconductor stocks have also lagged this session. The group's 1% loss, as measured by the Philadelphia Semiconductor Index, comes after the equipment space was downgraded by analysts at Goldman Sachs.
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