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Futures Turn Lower on Wal-Mart Outlook
Updated from 7:08 a.m. EST
By Madlen Read
NEW YORK -- Wall Street headed for a sharply lower open Thursday as investors absorbed bad news from Wal-Mart (WMT Quote), which signaled that even the stronger U.S. retailers are struggling.
The nation's largest retailer said sales in December at stores open for at least a year rose by 1.7% after stripping out fuel, worse than analysts' estimates. Wal-Mart also slashed its forecast for fourth-quarter earnings, and its shares fell in premarket trading. ...
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