EmailStock Market Update
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| Dow | 13908.11 | -65.28 | (-0.47%) |
| Nasdaq | 3185.20 | -13.46 | (-0.42%) |
| SP 500 | 1514.47 | -6.91 | (-0.45%) |
| 10-yr Note | -5/32 | 2.017 | |
| NYSE | Adv 1221 | Dec 1719 | Vol 585.4 mln |
| Nasdaq | Adv 1099 | Dec 1295 | Vol 1.26 bln |
Industry Watch
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| Weak: Energy, Financials |
Moving the Market
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February Empire Manufacturing Survey: +10.0 actual, 0.0 Briefing.com consensus, -7.8 prior January industrial production: -0.1% actual, +0.2% Briefing.com consensus January capacity utilization: 79.1% actual, 78.9% Briefing.com consensus November net long-term TIC flows: +$52.3 billion Preliminary February University of Michigan Consumer Sentiment: 76.3 actual, 73.5 Briefing.com consensus, 73.8 prior |
Equities Fall to Lows on Disappointing Wal-Mart Sales
15-Feb-13 14:30 ET
Dow -65.28
at 13908.11,
Nasdaq -13.46
at 3185.20,
S&P -6.91
at 1514.47
[BRIEFING.COM] The major averages fell to fresh lows in recent trade after reports indicated Wal-Mart (WMT 68.42, -2.39) is experiencing a slow start to its February same store sales. A company email obtained by Bloomberg describes February month-to-date sales as "a total disaster" with this being the worst start to a month in about seven years. The emails cited the expiration of the payroll tax cut as the reason for slower sales.
Wal-Mart is down 3.4% and other retailers are trading lower as well. Costco (COST 101.20, -0.81) and Target (TGT 60.90, -1.83) are lower by 1.0% and 3.0% respectively.
Wal-Mart is down 3.4% and other retailers are trading lower as well. Costco (COST 101.20, -0.81) and Target (TGT 60.90, -1.83) are lower by 1.0% and 3.0% respectively.
