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Actionable news in WMT: WAL-MART STORES Inc,

Dow closes down more than 150 as Wal-Mart, Boeing weigh

U.S. stocks closed lower Wednesday as investors digested earnings reports and weighed weaker-than-expected data. (http://cnb.cx/1hE3Efq&text=Dow falls 150 points as Wal-Mart, Boeing weigh&via=CNBC"> Tweet This )

"The market came into the week pretty overbought and with these earnings reports, (there's) a little bit of a headwind," said Bruce Bittles, chief investment strategist at RW Baird.

The Dow Jones industrial average closed down about 158 points after falling as much as 194 points, pressured by declines in Wal-Mart and Boeing. The index ended below the psychologically key level of 17,000 for the first time since Oct. 7.

Wal-Mart plunged 10 percent as the greatest weight on the Dow Jones industrial average,

"It's all Wal-Mart. I think it's rare to see a stock like Wal-Mart down 10 percent," said Ryan Larson, head of equity trading, U.S., at RBC Global Asset Management (U.S.). "Wal-Mart's what brought sentiment down this morning on (their comments about) future growth and earnings and what they see for 2016."

The firm said Wednesday that it expects sales to be flat in fiscal year 2016. At the lows of the day, shares hit a three-year low and wiped out more than $20 billion in market cap, on track for its worst day in more than a decade.

The SPDR S&P Retail ETF (XRT) declined more than 1 percent, on track for a fourth-straight day of losses.

Boeing fell more than 4 percent, contributing nearly as much to declines in the Dow as Wal-Mart. The aircraft maker's stock declined amid concerns about aircraft demand following Delta comments in its earnings call Wednesday about a "huge bubble in excess wide-body airplanes," StreetAccount said.

The Dow transports traded slightly higher, with Ryder leading advancers and JetBlue the greatest decliner.

The Nasdaq composite tried to hold higher, as a rally of more than 10 percent in SanDisk on news it was exploring a potential sale boosted semiconductor stocks. The Market Vectors Semiconductor ETF (SMH) briefly jumped more than 3 percent. Intel also gained more than 1.5 percent, following earnings that beat on both the top and bottom line.

The iShares Nasdaq Biotechnology ETF (IBB) rose more than 1 percent, while Apple fell more than 1 percent.

The S&P 500 held mostly lower after a brief attempt to turn positive as materials and energy led advancers with gains about 1 percent each. The index fell below the psychologically key...


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