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Stocks Pare Losses but Retail Sales Disappointment Keeps Wall Street in Red

Updated from 12 noon.

Stocks pared losses by midday Friday, though remained in the red after disappointing retail sales and producer prices data was released.

The S&P 500 was down 0.06%, the Dow Jones Industrial Average slid 0.09%, and the Nasdaq fell 0.05%. The losses were slight, though, keeping benchmark indexes within range of records set a day earlier.

A massive rally in crude oil and better-than-expected quarterly performance from the retail space helped to drive the S&P 500 to new highs on Thursday. The S&P 500 closed at 2,185.78, a new...