US Stocks Slide Sfter Results From Wal-Mart And Cisco
NEW YORK (AP) — U.S. stocks are lower Thursday morning as investors fail to get excited by quarterly reports from huge names like distributer Wal-Mart and technology bellwether Cisco Systems. Most industries square measure slippy, with a number of the most important losses aiming to technology and industrial firms, retailers and banks. Once dramatic moves late last week and earlier in the week, stocks seem to possess came back to the pattern of little moves that have marked this year.
KEEPING SCORE: the quality & Poor’s five hundred indexes born twelve points, or 0.5 percent, to 2,455 as of eleven a.m. Eastern Standard Time. The Dow Jones industrial average declined ninety points, or 0.4 percent, to 21,934. The data system composite lost 47 points, or 0.7 percent, to 6,298. The Russell 2000 index of smaller-company stocks fell three points, or 0.3 percent, to 1,379.
Walmart (WMT) shares were lower Thursday. The world’s biggest distributor gave a weak outlook for the present quarter, although it beat on each its high and bottom lines for the second quarter as online purchases grew 60 minutes.