Stocks Close Lower

Disappointing sales figures from retailers and a fresh rise in oil prices soured sentiment. Investors await Friday's July jobs report

Stocks suffered a broad-based sell-off Thursday, though amid lower trading volume, after a number of retailers reported disappointing July sales figures. Intraday rises in oil prices to the $62-a-barrel level also weighed on the market throughout much of the day, according to Standard & Poor's MarketScope.

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