Economics
U.S. Stocks Decline on Wal-Mart Forecast Amid Budget Debate
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U.S. stocks fell, after the Dow Jones Industrial Average dropped to the lowest level since June yesterday, as Wal-Mart Stores Inc. forecast earnings that missed estimates and lawmakers prepared for budget talks.
Wal-Mart Stores Inc. slid 3.6 percent as the world’s largest retailer forecast earnings that missed estimates. Phone stocks and utilities slumped the most in the Standard & Poor’s 500 Index, slipping more than 0.6 percent. Viacom Inc. increased