Disappointing Retail Sales Weigh Down Markets

A disappointingly small gain in January retail sales weighed the markets down to a lower open with the Dow falling 54 points to 12,213. Nasdaq dropped 13 points to 2803.

On the upside

Limelight Networks (Nasdaq: LLNW) narrowed fourth quarter losses more than expected as revenue soared and the company forecast current quarter revenue ahead of estimates.

ESL Partners, the hedge fund of Sears Holdings (Nasdaq: SHLD) chairman Edward Lampert, increased its stake in Gap (NYSE: GPS) to 5.8%.

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