Business

Weak results at retailers drag US stocks lower

By Washington Examiner
Published May 20, 2014 8:08pm ET
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Weak results at retailers drag US stocks lower
FILE - This Jan. 4, 2010 file photo shows an entrance to a Wall Street subway station in New York. Major U.S. stock indexes edged lower in morning trading Tuesday, May 20, 2014, weighed down by several major retailers that reported disappointing earnings. (AP Photo/Mark Lennihan, File) | Mark Lennihan

NEW YORK (AP) — Stocks are closing lower after several major retailers reported disappointing results.

Staples dropped 13 percent after the office supply chain said its earnings fell sharply in the latest quarter.

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