Looks like investors will have to wait at least another day to set a record. The S&P 500 Index (SNPINDEX: ^GSPC) fell 14.9 points, or just under 0.5%, on Aug. 19, giving up some ground after closing at an all-time high yesterday. Today wasn't particularly volatile, but the sentiment turned clearly bearish in afternoon trading; after looking like another record close was going to happen, the index steadily sold off in the last two hours.
The sell-off wasn't steep, but it was broad, with more than 340 of the 505 stocks in the index closing lower. Notable losers today include discount retailers TJX Companies (NYSE: TJX) and Ross Stores (NASDAQ: ROST), down 5.4% and 4.3%, respectively, and retail real estate investment trusts Regency Centers and Kimco Realty Corp, both down more than 3%. The biggest loser today was Jack Henry & Associates (NASDAQ: JKHY), down almost 13% after reporting earnings and guidance for next quarter that disappointed investors.
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