U.S. Markets Sell Off On Wal-Mart Report
Midnight Trader | Feb 15, 2013 04:39PM ET
Stocks ended lower, with the Dow Jones Industrial Index losing ground for a second week following reports that month-to-date sales at Walmart have had their slowest start in seven years. The other major indices also closed lower after earlier swinging between small gains and losses. Traders were influenced by largely positive economic news balanced against uncertain prospects for finance ministers and central bankers meeting in Moscow on whether they can succeed in efforts to tamp down rising currency tensions. Crude oil and energy stocks took the blunt of that ambivalence, all making steep declines, while consumer and healthcare stocks held on to small gains to keep the market within close range of even for the day.
Markets turned solidly lower after Bloomberg reported Wal-Mart Stores Inc. (Stock News From Midnight Trader
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