Feb. 13 (Bloomberg) — U.S. stocks pared declines, after equities snapped a four-day rally yesterday, as investors weighed data showing retail sales declined in January while more Americans than forecast filed for unemployment benefits.
Cisco Systems Inc. dropped 4.6 percent after forecasting quarterly sales below some estimates. Whole Foods Market Inc. slumped 8.6 percent after posting profit that trailed projections and lowering its full-year forecast. Time Warner Cable Inc. jumped 6.7 percent as Comcast Corp. agreed to acquire the cable company for $45.2 billion.
The S&P 500 slipped 0.1 percent to 1,818.35 at 10:18 a.m. in New York, after falling as much as 0.6 percent earlier. The Dow Jones Industrial Average lost 19.87 points, or 0.1 percent, to 15,944.07. Trading in S&P 500 stocks was 1.7 percent above the 30-day average during this time of the day.
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