Wal-Mart, Kohl’s disappoint

Thu, 15 May 2014

By Margreet Dietz May 16 (BusinessDesk) - Wall Street declined as disappointing earnings from Wal-Mart and a surprise drop in US industrial production exacerbated nervousness about equities trading near record highs. With about an hour of trading left in the day in New York, the Dow dropped 1.20 percent, the Standard & Poor’s 500 Index shed 1.06 percent, while the Nasdaq Composite Index sank 0.98 percent. Slides in shares of Wal-Mart and Chevron, down 2.3 percent and 2.2 percent respectively, led the decline in the Dow. Bucking the...

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