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Markets Slash Losses, Recovering From Lows; Dow Closes Down 173 Points

A wild day on Wall Street had the Dow Jones Industrial Average down as much as 460 points on Wednesday.

A wild day on Wall Street had the Dow Jones Industrial Average down as much as 460 points on Wednesday. The markets did manage to recover toward the end of the session, slashing the losses. An hour before the close, Walmart cut its growth guidance, pushing the stock to fall even lower. The retailer is now expecting sales for 2015 to be 2% to 3% from the previous guidance of 3% to 5%. Bank of America (BAC) lost 4.6%. The bank reported earnings before the bell posting a smaller-than-expected loss. Other financials including blue chips JPMorgan (JPM) and Goldman Sachs (GS) also declined. JPMorgan was the Dow component's worst performer, losing more than 4%. Oil prices ended at fresh multi-year lows after sloshing between small gains and losses during the session. Crude futures for November dropped to settle at $81.78. Earnings season marches on after the close with American Express (AXP) Las Vegas Sands (LVS) Netflix (NFLX) and eBay (EBAY).