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Technology Stocks : Apple Inc.

AAPL 269.05

-0.5%

9:30 AM EST

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To: Doren who wrote (121991)	11/15/2011 1:22:01 PM
From: Road Walker	Read Replies (1) of 213172

This? Strong iPhone Sales Boost Oct. Retail Sales (XRT) November 15, 2011 11:43 AM EST Stocks in the Retail sector are underperforming the broader stock market Tuesday despite a better-than-expected reading on October retail sales earlier this morning. The SPDR S&P Retail ETF (NYSE: XRT) is down more than 1 percent at last check. Advance retail sales for the month rose 0.5 percent, better than a 0.3 percent rise expected by economists, but at a slower pace than the 1.1 percent gain recorded in September. Data from the Commerce Department showed retail sales excluding autos rose 0.6 percent, while sales excluding both autos and gas were up 0.7 percent. The Street had been looking for an ex-autos & gas gain of 0.2 percent. Several economists at Goldman Sachs threw water on the surprise reading by considering large gains in sales of electronics -- specifically, "non-store retailers." The firm's strategists believe much of the upside was likely due to very strong orders for Apple (Nasdaq: AAPL) iPhones over the month.

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