Dow drops 120 points

US stocks tumbled after Wal-Mart said higher petrol prices has limited customer spending.

Dow drops 120 points
Tue, 16 Aug, 2005 - 23:15

US stocks tumbled after Wal-Mart said higher petrol prices has limited customer spending.

The news sent many US retail stocks lower, while government data showing a larger-than-expected jump in inflation also dampened investor enthusiasm.

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