On Wall Street, A Late Fade As Disney And Wal-Mart Slump

NEW YORK (May 16, 2013)--Weak sales reports from Wal-Mart and discouraging economic reports led to a down day on the stock market as the Dow Jones industrial average fell 42 points to close at 15,233, a loss of 0.3 percent.

Disney and Wal-Mart led the Dow lower.

The Standard & Poor's 500 fell eight to end at 1,650, or 0.5 percent, only the second loss for the S&P out of the last 11 days.

The Nasdaq fell six points to close at 3,465, or 0.2 percent.

Wal-Mart blamed higher payroll taxes, bad weather and delayed tax refunds for a sales slump.

Stocks were mixed most of the day, and then slid in the last hour of trading.

Three stocks fell for every two that rose on the New York Stock Exchange, where volume was average at 3.5 billion shares.


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