While you were sleeping Best Buy, Citigroup falter

Thu, 16 Jan 2014

By Margreet Dietz Jan. 17 (BusinessDesk) – Wall Street slid as US companies including Best Buy and Citigroup reported results that fell short of expectations, fuelling concern some valuations are not justified by the outlook. In afternoon trading in New York today, the Dow Jones Industrial Average dropped 0.43 percent, the Standard & Poor’s 500 Index fell 0.24 percent, while the Nasdaq Composite Index edged 0.04 percent lower. Slides in shares of Wal-Mart, last down 1.1 percent, and those of Chevron, last 0.3 percent weaker, led declines in...

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