Friday, May 17, 2013

A late fade on Wall Street; Wal-Mart, Disney slump

Specialist Bradley Kessler, lewft, works with traders on the floor of the New York Stock Exchange Tuesday, May 7, 2013. The Dow Jones industrial average punched through another milestone Tuesday: its first close above 15,000. (AP Photo/Richard Drew)

Specialist Bradley Kessler, lewft, works with traders on the floor of the New York Stock Exchange Tuesday, May 7, 2013. The Dow Jones industrial average punched through another milestone Tuesday: its first close above 15,000. (AP Photo/Richard Drew)

(AP) ? Weak sales from Wal-Mart and discouraging economic reports resulted in a down day on the stock market.

The Dow Jones industrial average fell 42 points to close at 15,233 Thursday, a loss of 0.3 percent. Disney and Wal-Mart led the Dow lower.

The Standard & Poor's 500 fell eight to 1,650, or 0.5 percent. It was only the second loss for the S&P out of the last 11 days.

The Nasdaq fell six points to 3,465, or 0.2 percent.

Wal-Mart blamed higher payroll taxes, bad weather and delayed tax refunds for a sales slump.

Stocks were mixed most of the day, then slid in the last hour of trading.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was average at 3.5 billion shares.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-05-16-Wall%20Street-Close/id-3d2e90b00d0849a896e0a160ab061151

Richard Engel Daniel Inouye steelers scarlett johansson snl peter frampton Sandy Hook Elementary School Colors

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.