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8/18/2015, 4:15 PM (Source: TeleTrader)
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U.S. stocks dragged down by Wal-Mart earnings report and Chinese stocks plunge of 6%

Stocks opened lower on Tuesday after Wal-Mart reported its quarterly earnings of $1.08 per share, missing expectations of $1.12 per share on $119.72 billion in income for the second quarter. Wal-Mart reduced the full-year outlook from $4.70 to $5.05 to $4.40 to $4.70 per share.The Dow Jones Industrial Average went down by 50 points (0.3%), while the S&P 500 slid by 0.2%. The Nasdaq Composite drifted lower by 0.3%. U.S. crude futures dropped to $41.80 a barrel. Gold futures dropped $7.30 to $1,111.10. The dollar index boosted to 96.96. The Shanghai Composite hit a low since August 7, plunging by 6.12% at close. The Shenzen Composite plummeted as well over than 6%. The yuan depreciated against the dollar to 6.40. The Nikkei 225 slid by 0.3%, while the Hang Seng index dropped %1.4.

Breaking the News / NP