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

miércoles 14 de octubre de 2015 17:00 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 with Netflix down after the bell, latest volume)

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.

Following the market close, shares of Netflix sank 8.7 percent to $100.61 after the company reported U.S. subscriber additions below its own forecast.

Separately, CNBC said supermarket operator Albertsons' initial public offering was likely to price at $20 or less as bidders are concerned about the Wal-Mart forecast, while First Data's IPO is likely to price at $16. Earlier this month, Albertsons said it expected its IPO to price between $23 and $26 per share, and First Data estimated its would price between $18 and $20 a share.   Continuación...