INQUIRER.net: US stocks dip on Walmart, middling data

INQUIRER.net Philippine News for Filipinos

US stocks dip on Walmart, middling data May 16th 2013, 23:25 NEW YORK—US stocks Thursday took a pause from a recent winning streak, selling off after a disappointing earnings report from Walmart and some middling economic data.   At the closing bell, the Dow Jones Industrial Average dropped 44.10 (0.29 percent) to 15,231.59.   The broad-based S&P 500 fell 8.41 (0.51 percent) to 1,650.37, while the Nasdaq Composite Index slipped 6.37 (0.18 percent) to 3,465.24. Both the Dow and the S&P 500 closed at record levels Wednesday.   Thursday's losses came after retail giant Walmart reported disappointing profits and signaled weaker-than-expected results in the second quarter.   Investors were also ... Keep on reading: US stocks dip on Walmart, middling data Media files: Wall-Street-Premarket2.jpg (image/jpeg)

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