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Stocks down from records set Monday

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NEW YORK — U.S. stocks dipped in thin volume on Tuesday, with the Dow and the S&P 500 retreating from Monday’s record closing levels as traders found few reasons to buy following a string of gains. A rise in semiconductor companies’ shares limited losses.

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About half of the 10 primary S&P 500 sector indexes were down for the day, led by telecom, which fell 1 percent.

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