Stocks struggled for direction through the morning session before breaking lower as the wait for comments from Federal Reserve Chair Janet Yellen tomorrow caused jitters. Retailers were largely higher after a series of positive earnings reports. Dollar Tree Inc. (DLTR) was one of those lucky retailers. The discount chain soared after a better-than-expected second quarter and solid guidance for its third quarter and full year. Quarterly sales increased nearly 6%. Abercrombie & Fitch Co. (ANF) rocketed higher after reporting a narrower loss than expected over its second quarter. Same-store sales decreased 1%, weighed on by a drop at its namesake brand, though sales at Hollister rose. Existing home sales made a surprise turn lower in July, a troubling trend after new home sales out a day earlier showed a dip as well. Sales of previously-owned homes fell to its lowest level of the year.
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