Dow closes more than 200 points lower as Walmart posts worst day since October 2015 [View all]

[yallerdawg]

I know, I know, it's terrible about 'the money.'

But you know? Wall Street and Walmart? We are who we are!

Oh. Welcome back to Washington, Mr. Precedent! Enjoy your vacation?


Source: CNBC, by Alexandra Gibbs

The Dow Jones industrial average fell sharply on Tuesday, pressured by a steep decline in Walmart shares and a rise in interest rates.

The 30-stock index closed 258 points lower — snapping a six-day winning streak, with shares of Walmart shedding 10 percent. The retail giant's stock posted its biggest decline since October 2015.

The S&P 500 pulled back 0.6 percent, with consumer staples declining more than 2 percent. Walmart was the biggest decliner in the S&P 500. Kroger and Kraft Heinz, which are also in the staples sector, were among the worst-performing stocks in the index.

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Read the rest at: https://www.cnbc.com/2018/02/20/us-stock-futures-dow-data-earnings-and-politics.html