DJIA: Wall Street dips, Zynga Fourth Quarter revenue rises 59%

Stocks of financial and basic materials companies led Wall Street lower today while the retail sector hit a record even as retail sales rose less than expected last month.

U.S. President Barack Obama pressed Chinese Vice President Xi Jinping Tuesday over his country's huge trade surpluses, kicking off a five-day visit that could set the tone for U.S.-China relations over the next decade.

Talks between Yahoo Inc and China's Alibaba over the U.S. Internet giant's Asian assets have hit an impasse, throwing their plans for a $17 billion tax-free asset swap into question, according to sources briefed on the situation.

Zynga Inc reported better-than-expected fourth-quarter revenue, but the developer of social media games like FarmVille failed to add new daily players compared with last quarter.