US markets flat as retailers slip
(Close): Wall Street closed flat on Tuesday, but some retail stocks fell sharply after Gap reported disappointing sales.
The Dow Jones Industrial Average rose 3.7 points to 18,533 points.
Gap slid more than 6% after the clothing retailer reported weak sales at its Banana Republic chain.
Like-for-like sales at Banana fell 9%, compared with a 3% drop at Gap stores and flat sales at Old Navy.
Other major retailers also fell, with Macy's down 2.8%.
Luxury handbag maker Michael Kors slipped 0.3% ahead of its results on Wednesday.
Shares in Disney edged up 0.9% ahead of its third-quarter results, which were released after markets closed.