US STOCKS-Wall St down for 2nd day; Wal-Mart, momentum names weigh

jueves 15 de mayo de 2014 10:29 GYT

(Updates to morning trading)

* Wal-Mart profit falls as severe winter deters shoppers

* Small-caps sell off; Russell 2000 off more than 10 pct from high

* Indexes off: Dow 0.8 pct; S&P 1 pct; Nasdaq 1.3 pct

By Angela Moon

NEW YORK, May 15 (Reuters) - Wall Street extended its losses into a second day on Thursday as weaker-than-expected earnings from Wal-Mart and a selloff in momentum stocks overshadowed positive economic reports.

Wal-Mart Stores Inc shares fell 2 percent to $77.12 after the world's largest retailer forecast second-quarter profit below analysts' estimates. The company also reported its smallest growth in quarterly sales in nearly five years.

Kohl's Corp shares also fell 2 percent to $53 after the specialty departmental retailer reported weaker-than-expected first-quarter earnings. The S&P retail sector index was off 1.6 percent.

Momentum stocks were among the day's biggest decliners. The Nasdaq Biotechnology Index fell 1.8 percent and the Global X Social Media Index lost 1.2 percent.   Continuación...