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The Journal Gazette

Thursday, November 15, 2012 9:42 am

Mixed retail earnings keep stock gains in check

By The Associated Press

Stock indexes are logging tiny gains in early trading after two giant U.S. retailers turned in mixed earnings reports.

Wal-Mart's stock fell sharply, giving up 4 percent after the retailer gave investors a profit forecast that was weaker than they were expecting. Target said its profit rose but the company also said sales rose at a slower pace than last year. Target's stock edged up less than 1 percent.

The Dow Jones industrial average was up nine points at 12,580 in early trading Thursday.

The Standard & Poor's 500 index was up four points at 1,359 and the Nasdaq composite was up seven points at 2,853.

Data storage company NetApp was the biggest gainer in the S&P 500 index after the company reported earnings that beat analysts' expectations.