Midday Report: Macy's, Kohl's Bring Down Retail Sector; Nasdaq's Win Streak in Jeopardy

Summary: Stocks held lower through the morning session as a disappointing quarter from Macy's sparked a selloff in the retail sector. Kohl's also issued a weak report with a steeper decline in same-store sales than expected. The Nasdaq's four-day record-breaking streak looked to end on Thursday. Symantec tumbled after swinging to a loss over its fiscal fourth quarter. The California-based security software developer anticipates first-quarter sales no higher than $1.16 billion, below consensus. Delta Air Lines raised its dividend by 50% and approved a new share buyback program. A fresh $5 billion repurchase plan will go into effect once the existing program has been exhausted. 21st Century Fox beat analysts' estimates on the bottom line but missed on the top. Revenue in its cable network programming and TV units rose, though filmed entertainment fell.