US shares end lower after volatile session
Published on Nov 16, 2012 6:46 AM
NEW YORK (AFP) - United States (US) stocks zig-zagged around the break-even line in volatile trade on Thursday before ending slightly lower, pulled down in part by Walmart's disappointing earnings.
The giant global retailer sank 3.7 per cent after its quarterly revenues fell below expectations and it said it was investigating possible corruption in Walmart operations in India, China and Brazil.
The Dow Jones Industrial Average finished down 28.57 points (0.23 per cent) at 12,542.38.
The broad-market S&P 500 lost 2.16 (0.16 per cent) at 1,353.33, while the tech-rich Nasdaq Composite slipped 9.87 (0.35 per cent) to 2,836.94.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!