Wal-Mart slump pushes US stocks lower

A disappointing sales forecast from Wal-Mart Stores Inc. sent stocks mostly lower today as investors worried that oil prices, which stabilised after last week’s highs, would curb consumer spending and hurt companies’ third-quarter earnings.

Wal-Mart slump pushes US stocks lower
Mon, 23 Aug, 2004 - 22:48

A disappointing sales forecast from Wal-Mart Stores Inc. sent stocks mostly lower today as investors worried that oil prices, which stabilised after last week’s highs, would curb consumer spending and hurt companies’ third-quarter earnings.

Tech stocks eked out minimal gains.

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CourtsBusinessHeathrowPlace: USPlace: Birmingham, AlabamaPlace: FloridaPerson: Joseph KeatingPerson: Hugh JohnsonEvent: Hurricane CharleyEvent: Republican National ConventionOrganisation: Wal-MartOrganisation: Wal-Mart Stores Inc.Organisation: AmSouth Asset ManagementOrganisation: New York Mercantile ExchangeOrganisation: NasdaqOrganisation: First Albany Corp.Organisation: FedEx Inc.Organisation: FedExOrganisation: Toys “R” Us Inc.Organisation: World Wrestling Entertainment Inc.Organisation: WWEOrganisation: Kmart Holding Corp.Organisation: Home Depot Inc.Organisation: KmartOrganisation: Home DepotOrganisation: New York Stock Exchange
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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