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Disappointing Consumer Sentiment Data Contributes To Sell-Off On Wall Street

Stocks moved sharply lower over the course of the trading day on Friday, extending the pullback seen during Thursday’s session. The major averages all showed significant moves to the downside, with the Dow tumbling to its lowest closing level in a month.

The major averages moved roughly sideways going into the close, lingering near their worst levels of the day. The Dow plunged 748.63 points or 1.7 percent to 43,428.02, the Nasdaq dove 438.36 points or 2.2 percent to 19,524.01 and the S&P 500 slumped 104.39 points or 1.7 percent to 6,013.13.

With the steep drop on the day, the major averages also moved sharply lower for the holiday-shortened week. The Dow and the Nasdaq both plummeted by 2.5 percent, while the S&P 500 tumbled by 1.8 percent.

The sell-off on Wall Street came after the University […]

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U.S. Stocks Climb Off Early Lows But Remain Firmly Negative

After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Thursday. The major averages climbed
well off their early lows but remained firmly in negative territory.

The S&P 500 fell as much as 1.0 percent in early trading but ended the day more moderately lower, down 26.63 points or 0.4 percent at 19,962.36. The
Nasdaq also slid 93.89 points or 0.5 percent to 19,962.36 after tumbling as much as 1.3 percent.
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The narrower Dow posted a more significant loss, slumping 450.94 points or 1.0 percent to 44,176.65.

The early sell-off on Wall Street came amid a slump by shares of Walmart (WMT), with the retail giant and Dow component plunging by 6.5 percent.

Walmart came under pressure after the company reported better than fiscal […]