US stocks tumble on Wal-Mart warning

Stocks tumbled sharply on Wall Street today as a second-quarter profit warning from Asda owners Wal-Mart Stores overshadowed strong economic news and a sharp drop in oil prices.

US stocks tumble on Wal-Mart warning
Thu, 12 May, 2005 - 23:16

Stocks tumbled sharply on Wall Street today as a second-quarter profit warning from Asda owners Wal-Mart Stores overshadowed strong economic news and a sharp drop in oil prices.

The Dow fell more than 100 points for the second time this week.

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CourtsBusinessHeathrowPlace: USPlace: WallPlace: BostonPlace: Wall StreetPerson: Peter CardilloPerson: Hans OlsenOrganisation: Wal-MartOrganisation: StreetOrganisation: AsdaOrganisation: Wal-Mart StoresOrganisation: Commerce DepartmentOrganisation: SW Bach & Co.Organisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: Federal ReserveOrganisation: Wall StreetOrganisation: Bingham Legg AdvisersOrganisation: Morgan StanleyOrganisation: Dean Witter & Co.Organisation: 3MOrganisation: CunoOrganisation: Ameritrade HoldingOrganisation: E-Trade Financial CorporationOrganisation: E-TradeOrganisation: New York Stock Exchange
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