Economics
U.S. Stocks Retreat as Wal-Mart Tumbles Amid Economic Reports
This article is for subscribers only.
The Standard & Poor’s 500 Index fell, snapping three days of gains, as Wal-Mart Stores Inc. tumbled and investors weighed economic data.
Wal-Mart slipped 2.2 percent amid the worst sales start of a month in seven years. Agilent Technologies Inc. fell 5.2 percent after cutting its full-year forecast. CBS Corp. climbed 4 percent after forecasting growth in licensing fees and an increase in its share buybacks. MeadWestvaco Corp. rallied 13 percent after Nelson Peltz’s Trian Fund Management LP took a stake in the packaging company.