US STOCKS-Wall St falls as Wal-Mart's weak forecast drags on retailers

miércoles 14 de octubre de 2015 16:28 GYT

* Wal-Mart sinks on weak forecast, drags down Dow

* JPMorgan falls after results

* U.S. retail sales barely rise in September

* Dow down 0.9 pct, S&P down 0.5 pct, Nasdaq down 0.3 pct (Updates to close)

By Caroline Valetkevitch

Oct 14 (Reuters) - U.S. stocks fell on Wednesday as Wal-Mart skidded after issuing a weak profit forecast, dragging down other big retailers, and as JPMorgan slipped after disappointing results.

The news added to worries about the outlook for U.S. earnings, with S&P 500 profits forecast to have dropped more than 4 percent in the third quarter compared with a year ago, according to Thomson Reuters data.

Wal-Mart sank 10 percent to $60.03 in its biggest one-day percentage decline in years and heaviest trading day since January 2009, after it forecast a drop of up to 12 percent in earnings per share in fiscal 2017. The day's decline erased more than $20 billion off the retailer's market value, and the stock was among the biggest drag on both the Dow and S&P 500.

Also weighing on retailers, data showed retail sales in the United States barely rose in September.   Continuación...