U.S. stocks ended Tuesday's session barely higher, though the S&P 500 did nab a new intraday record. Crude was a drag on markets after the EIA predicted U.S. production will decline in 2016 by smaller measures than previously forecast. A disappointing July sales update from Gap (GPS) and warning of a cautious outlook for the second half left retailers spiraling. Major chains Kohl's (KSS) , Macy's (M) , and Target (TGT) were all lower on Tuesday. Online retailer Wayfair (W) slumped after quarterly expenses spiked, widening net losses. Expenses rose 69 percent as the home-goods company worked to improve delivery times and fuel customer growth. Delta Air Lines (DAL) cancelled roughly 530 flights on Tuesday, adding to the 1,000 cancellations on Monday. The airline has been in damage control mode since a system outage grounded thousands.
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