Friday, Jul 01, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Investors retreat from stocks after mixed economic news, disappointing results from Wal-Mart

NEW YORK — The Dow Jones industrial average had its worst day in five weeks after lower earnings from Wal-Mart and mixed news about the economy.

The Dow fell 167 points, or 1 percent, to close at 16,446. It fell as much as 216 points earlier.

The Standard & Poor’s 500 index slid 17 points, or 1 percent, to 1,870. The Nasdaq dropped 31 points, or 0.8 percent, to 4,069.

Wal-Mart Stores fell $1.91, or 2.4 percent, to $76.83. It reported lower quarterly earnings.

The yield on the 10-year Treasury note fell to 2.49 percent, from 2.54 percent late Wednesday.

Factory output took a breather in April after two months of strong growth. However, the number of people who filed for unemployment benefits fell to its lowest in seven years last week.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…