S&P 500 Rises After Earnings From Macy’s and Kohl’s

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U.S. stocks turned lower in morning trading despite strong earnings from Macy’s and Kohl’s and unemployment data that showed the labor market is continuing to recover.

The S&P 500 ticked down 0.2% after the broad-market index closed down 0.3% Wednesday. The Nasdaq Composite Index declined 0.4%, as technology stocks erased most of their early gains. The Dow Jones Industrial Average slipped 0.7%.