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Wal-Mart earnings weigh on US markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks were declining on Thursday with S&P 500 index 0.45% down dragged lower by downbeat Wal-Mart earnings data. 8 out of 10 index sectors closed in the red led by the energy sector (-1.14%). Wal-Mart shares tumbled 4.4% on the news the retailer’s quarterly profit fell short of expectations and the gloomy sales outlook. The news weighed on the Dow index and consumer stocks. Dow Jones industrial average fell 0.22% while Nasdaq 100 composite index closed 0.73% lower. Apple stocks fell 1%

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