Stocks slip despite strong retail earnings, Visa drags Dow lower

(CNBC) U.S. stocks took a dip on Wednesday as investors weighed a continuation of strong earnings reports from big-box retailers against lingering inflation concerns. The Dow Jones Industrial Average fell 211.17 points, or 0.5%, and sat about 1.7% from its record. The S&P 500 slipped 0.2% to 4,688.67 and the Nasdaq Composite lost 0.3% to 15,921.57. Both were less than 1% from their records.

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