Dow Closes Down 37 on Wal-Mart Sales Slump
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NEW YORK - A disappointing sales forecast from Wal-Mart Stores Inc. sent stocks mostly lower Monday as investors worried that oil prices, which stabilized after last week's highs, would curb consumer spending and hurt companies' third-quarter earnings...
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Stocks plunged Tuesday, driving the Dow Jones industrials down 200 points and erasing the gains from the past three sessions, as troubles for subprime lenders kept piling up and U.S. retail sales came in weaker than anticipated.
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Wall Street closed mixed yesterday as lingering concerns about the economy offset better-than-expected sales from Wal-Mart Stores and a flurry of acquisition activity.
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Wal-Mart Stores Inc.'s  shares dipped 1 percent early on Monday as Wall Street tried to determine what caused surprisingly weak November sales and looked ahead nervously to a make-or-break December.
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Stocks slumped Monday, with the Dow industrials posting its biggest one-day percentage drop since July, as investors eyed higher oil prices, a weaker dollar and a cautious outlook from Wal-Mart and decided to head for the exits.
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Wall Street stocks moved mostly lower Monday on a disappointing sales forecast from Wal-Mart Stores Inc. as investors worried that oil prices would cut consumer spending and hurt companies&#39; third-quarter profits.
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Asian stocks edged down on Tuesday as a reduced sales forecast by the world's biggest retailer, Wal-Mart, stoked concerns of slower economic growth and offset relief from lower oil prices.
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Wal-Mart Stores Inc.  on  Wednesday said September sales growth was even smaller than it  originally estimated, sending its shares lower and dragging  down stock futures.
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U.S. stocks could start the week lower after Wal-Mart Stores Inc. , a key barometer of the U.S. retail sector, forecast a decline in monthly sales, signaling caution about the holiday shopping season.
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U.S. stocks opened lower on Monday after a disappointing sales forecast from Wal-Mart Stores Inc.  over the weekend raised doubts at the start of the holiday shopping season.
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Wal-Mart Stores Inc.'s share price tumbled nearly 4 percent Monday after the world's largest retailer lowered its November sales forecast over the weekend, disappointing some analysts.
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U.S. blue chips ended lower on Monday  after a disappointing sales forecast from the world's biggest  retailer, Wal-Mart Stores Inc. WMT.N, overshadowed a two-day  pullback in oil prices.
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A DISAPPOINTING sales forecast from Wal-Mart Stores Inc sent US stocks mostly lower today as investors worried that oil prices, which stabilised after last week&#39;s highs, would
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Stocks tumbled after a weak sales estimate by Wal-Mart spurred concerns about the holiday shopping season.
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Shares closed just above their session lows, depressed by a negative morning by Wall Street and a weak retail sector following a disappointing trading update from Boots, dealers said.
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U.S. stocks fell on Tuesday, dragged  down by retailers such as Wal-Mart Stores Inc. WMT.N after  data indicated that the holiday shopping season got off to a  sluggish start as high oil prices dampened confidence.
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U.S. stocks ended down on Tuesday, pressured by disappointing results from consumer electronics chain Best Buy Inc.  and a weak forecast from steel maker Nucor Inc.