Tuesday, February 15, 2011

::Wall Street pushed weakening of Wal Mart>>

Go Finance Reporting in NEW YORK - The Dow Jones go down after Wal-Mart Inc. closed lower after JP Morgan analyst lowered their outlook on Wal Mart. Meanwhile the Standard & Poor's 500 (S & P 500) and the Nasdaq closed slightly higher.

As reported at the site Associated Press (AP), Tuesday (02/15/2011) JP Morgan analysts said the risks faced by the world's largest retailer is the potential loss of subcribers in which low-income customers who will switch to the store that gives more discounts and customer Another would be to switch to other shopping centers are more expensive. Thus, Wal-Mart shares fell 1.6 percent and is the company most vulnerable among 30 other companies supporting the Dow Jones industrial index.

The Dow fell 5.07 points, or less than 0.1 percent, to 12268.19. It is the second time the Dow closed lower in February.

Meanwhile, the broad Standard & Poor's 500 index rose 3.17 points, or 0.2 percent, to 1332.32. The Nasdaq composite index rose 7.74 points, or 0.3 percent, to 2817.18.

Stock markets last week obtained a slight advantage after the resignation of Egyptian President Hosni Mubarak to help push both the Dow and S & P 500 to its highest level since June 2008.

Shares rise more than the shares fell by a small difference in the New York Stock Exchange. Consolidated trading volume was 3.59 billion shares. (GoFinance)

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