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Stocks fall as Walmart weak results weigh on investors
The Dow slid about 700 points, with rising bond yields and higher crude prices adding pressure.
Stocks moved lower across major benchmarks after Walmart posted weaker-than-expected results, according to WSJ Markets.
In morning trading, the Dow dropped about 700 points as investors reacted to the company’s performance.
WSJ Markets also linked the broad selloff to a move higher in bond yields, alongside crude prices rising during the session.
Latest closeWTI crude $82.40 ▲1.4%|Dow Jones 53,732.41 ▼0.2%
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