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Tuesday, May 11, 2010
Wal-Mart’s shares sag amid market rebound
Associated Press
Wal-Mart Stores Inc.’s shares were one of few to fall Monday as the broader market surged on optimism over Europe’s $1 trillion plan to head off a debt crisis.
The world’s largest retailer’s shares slipped 10 cents to $52.30 in afternoon trading Monday.
Meanwhile, the Dow Jones industrial average rose about 345 points in afternoon trading but pulled off its highs of the day. The Dow and broader indexes all climbed more than 3 percent. Gains in several European markets topped 9 percent.
Analyst Brian Sozzi with Wall Street Strategies noted several reasons for Wal-Mart’s stock move.
Link to full article: http://www.onn.tv/news-feed/associated-press/wal-mart-s-shares-sag-amid-market-rebound/
Posted by Brian Sozzi, Research Analyst
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