US STOCKS-Wall St little changed as IBM's gains offset Wal-Mart drop

jueves 18 de febrero de 2016 10:55 GYT
 

* Wal-Mart down after cutting FY forecast

* IBM up after Morgan Stanley upgrade

* Jobless claims unexpectedly fell last week

* Dow up 0.04 pct, S&P down 0.09 pct, Nasdaq down 0.03 pct (Updates to open)

By Abhiram Nandakumar

Feb 18 (Reuters) - U.S. stocks lost some steam after a three-day rally and were little changed on Thursday morning as a slump in Wal-Mart offset gains by IBM.

Seven of the 10 major S&P sectors were lower, led by the 0.6 percent fall in consumer discretionary and consumer staples sectors.

Wal-Mart slumped 4.7 percent to $63 after the retailer reported a decline in quarterly earnings and cut its full-year forecast. The stock was the biggest drag on the S&P and the Dow.

Limiting the losses were shares of IBM, which rose 4.4 percent to $131.71 after Morgan Stanley upgraded the stock to "overweight" and the company made another health-related acquisition.   Continuación...