Dow Closes Down 37 on Wal-Mart Sales Slump
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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&#39;s highs, would curb consumer spending and hurt companies&#39; third-quarter earnings.
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NEW YORK - Wal-Mart Stores Inc.'s disappointing sales forecast sent stocks fluctuating Monday as investors' concerns about a slowing economy eclipsed their relief over a drop in oil prices.    October contracts for a barrel of light crude were quoted at $46.53, down 19 cents, on the New York Mercantile Exchange...
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Blue chips ended lower on Monday,  under pressure from disappointing Thanksgiving sales from No. 1  retailer Wal-Mart Stores Inc. WMT.N, while tech stocks drew  support from Apple Computer Inc. AAPL.O and drove the Nasdaq  to its highest close in 10 months.
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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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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. (WMT.N: Quote, Profile, Research) shares fell 3 percent early Monday after the world&#39;s biggest retailer cut its November sales forecast, casting a shadow over hopes for a bumper holiday shopping season.
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Wal-Mart Stores Inc.&#39;s disappointing sales forecast sent stocks fluctuating Monday as investors&#39; concerns about a slowing economy eclipsed their relief over a drop in oil prices.
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U.S. stocks dropped sharply on Monday, with the Nasdaq sliding 2 percent, as investors sold Google Inc.  shares after Barron's newspaper said the stock was overvalued and a disappointing sales forecast from Wal-Mart Stores Inc.  raised doubts about consumers' holiday spending.
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Wal-Mart Stores Inc.  on Wednesday said September sales growth was smaller than it estimated just four days earlier, sending its shares lower and dragging down stock futures.
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Wal-Mart Stores Inc. WMT.N shares  fell 3 percent early Monday after the world's biggest retailer  cut its November sales forecast, casting a shadow over hopes  for a bumper holiday shopping season.
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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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Shares of Wal-Mart Stores Inc. WMT.N  ticked lower on Monday after the world's largest retailer cut  its August sales forecast.
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NEW YORK - Wal-Mart Stores Inc.'s disappointing sales forecast sent stocks fluctuating Monday as investors' concerns about a slowing economy eclipsed their relief over a drop in oil prices.    October contracts for a barrel of light crude were quoted at $46.25, down 47 cents, on the New York Mercantile Exchange...
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Blaming a computer error, Wal-Mart Stores Inc. on Wednesday lowered its September sales estimate again. The news sent shares lower in early trading and prompted analysts to speculate about what happened at the world's largest retailer when other merchants are expected to report higher sales amid cooling temperatures and easing gasoline prices.
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Leading shares closed lower, around the worst levels of the day, as US indices traded mixed, a Next profit warning hit retailers and ex-dividend stocks weighed, dealers said.
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Leading shares finished the day in positive territory, but well off intra-day highs, dragged down by weakness in retailer Wal-Mart and a spike in the price of crude, dealers said.
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Stocks fell on Tuesday as giant  retailer Wal-Mart Stores Inc. WMT.N declined on disappointing  quarterly sales while news of a sharp rise in October producer  prices fanned inflation fears.