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Walmart 2.2% drop pulls US stocks lower

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NEW YORK, Feb 15 AFP

February 16 2013, 08:54AM

A sharp fall in shares of the world's largest retailer Walmart pulled stocks lower Friday, though steep losses were averted by a final-hour rebound.

At the closing bell the broad-based S&P 500 was down 1.59 points (0.10 percent) to 1,519.79.

The Dow Jones Industrial Average added 8.37 points (0.06 percent) at 13,981.76, while the tech-rich Nasdaq Composite slid 6.63 points (0.21 percent) to 3,192.03.

Walmart shares lost 2.2 percent to $69.28 after a news report cited company documents saying the company's sales so far in February were a "disaster."