Updated from 10:56 a.m. EDT
Stocks in the U.S. were sagging Tuesday as investors digested a cautious outlook at Wal-Mart (WMT Quote), the return of surging oil futures, and sobering words on the liquidity crisis from Federal Reserve chairman Ben Bernanke.
The Dow Jones Industrial Average surrendered 66 points to 12,810, pressured both by Wal-Mart and its worst-performing component of the day, Hewlett-Packard (HPQ Quote). The S&P 500 was off 3 points at 1401, and the Nasdaq Composite was slipping 7 points at 2481.
"It seems like people are on hold to see whether we'll actually see the second-half recovery occur," said Charles Rotblut, senior market analyst with Zacks Investment Research. "We're entering a period without a lot of catalysts. Earnings season is over, and the Fed is on hold at least until August." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.16 |
Oil *
75.32
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|
UP
30.69
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UP
4.98
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UP
6.87
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DOWN
0.63
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10 Yr
3.22%
SPDR Gold
116.62
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|
+0.29%
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+0.45%
|
+0.32%
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-1.92%
|
Data delayed 20 minutes |
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