Stocks End Lower on Muddled Retail Earnings

U.S. stocks closed moderately lower on Tuesday, with the Dow and the S&P 500 retreating from
milestone levels, as investors digested a mixed batch of retail earnings reports. The Dow fell
8.99 points, or 0.06%, to close at 15,967.03. The S&P 500 dropped 3.66 points, or 0.20%, to finish
at 1,787.87. The Nasdaq Composite shed 17.52 points, or 0.44%, to close at 3,931.55.

Best Buy Co. Inc.(BBY) said Tuesday it swung to a third-quarter profit of $54 million, or 16 cents
a share, from a year-ago loss of $10 million, or 3 cents a share. Per-share earnings from
continuing operations rose to 12 cents from a year-ago loss of 3 cents, the retailer said. Revenue
edged down to $9.36 billion from $9.38 billion a year earlier.

La-Z-Boy Inc.(LZB) reported quarterly results that topped Wall Street estimates. It reported
fiscal second-quarter earnings of $16.7 million, or 31 cents a share, up from $6.6 million, or 12
cents a share, in the year-ago period. Revenue rose to $366.4 million from $322.3 million in the
year-ago period.