News Summary: Stocks fall for third day

Associated Press

STOCKS DECLINE AGAIN: Stock indexes closed lower Thursday, a third straight decline, after U.S. retailers issued weak forecast for earnings.

WAL-MART: The giant discounter was among retailers that disappointed analysts and investors with a weaker profit outlook. The company's stock slumped $2.59, or 3.6 percent, to $68.72 after it issued a fourth-quarter forecast that fell short of analysts' expectations.

UNEMPLOYMENT CLAIMS: More people filed claims for unemployment benefits, giving investors little cause for cheer, though the Labor Department said the rise was mainly due to the effects of Superstorm Sandy.

View Comments (0)