While you were sleeping: Wal-Mart slump adds concern

Wed, 14 Oct 2015

By Margreet Dietz Oct. 15 (BusinessDesk) - Shares of Wal-Mart plunged after the company unexpectedly predicted a decline in earnings for its fiscal 2017 year, underpinning concern that slowing global economic growth is eating into corporate profits. In New York trading at about 2.35pm, the Dow Jones industrial average dropped 1 percent, the Standard & Poor’s 500 Index declined 0.4 percent. The Nasdaq Composite Index eked out a 0.03 percent gain. In the Dow, slides in shares of Wal-Mart and those of Boeing, down 9.7 percent and 3.9 per...

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