Stocks fell after a disturbing retail sales report but recovered from steep early losses. Consumer stocks led the market lower; the Consumer Staples Select Sector SPDR ETF (NYSEMKT:XLP) fell 1.1%. Drugs stocks continued recent strength, with the SPDR S&P Pharmaceuticals ETF (NYSEMKT:XPH) gaining 0.9%.
As for individual stocks, Cisco Systems (NASDAQ:CSCO) beat expectations and expressed optimism about the year, but Dow component Coca-Cola (NYSE:KO) fell after forecasting declining sales growth.
Source: Motley Fool
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