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AP National Business

US stocks fall; Gap, Nordstrom sink on weak results

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Published 9:31 AM

By DAMIAN J. TROISE
AP Business Writer

Stocks fell in morning trading on Wall Street Wednesday as the market continues an unsettled period of trading ahead of the Thanksgiving holiday in the U.S. The S&P 500 fell 0.5%. The benchmark index, which set a record high last Thursday, was weighed down by losses in technology and consumer-focused companies. The Dow Jones Industrial Average fell 0.4% and the Nasdaq fell 0.7%. Supply chain problems hurt financial results for several large retailers. Gap sank 23% after reporting results that came in far below analysts’ forecasts. Nordstrom gave up 29% after it also reported very weak results.

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