Markets End the Day Lower

(Newser) – Retailers including Target led the stock market lower, ending a 12-day winning streak for the Dow Jones industrial average, the AP reports. Target slumped 12% Tuesday after releasing a weak profit report and earnings forecast. Industrial stocks and phone companies were among the big decliners. Online brokers fell sharply after Fidelity announced a cut in trading commissions. TD Ameritrade dropped 10.5% and ETrade Financial fell 7.2%. Investors were looking ahead to an evening speech by President Donald Trump to Congress in hopes of gleaning more details on the timing of tax cuts and other policies. The Dow fell 25 points, or 0.1%, to 20,812. The Standard & Poor's 500 index fell 6 points, or 0.3%, to 2,363. The Nasdaq composite lost 36 points, or 0.6%, to 5,825.