Walmart Stock Sinks After a Warning on Sales

October 14, 2015 8:08 PM

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Walmart Stock Sinks After a Warning on Sales

Walmart startled investors on Wednesday by slashing its sales forecast for the year, warning that heavy investments in wages and in e-commerce would curb future earnings.

The news sent Walmart shares plunging, casting a pall over retail stocks, as analysts worried about broader ripple effects across the economy, and about consumer spending ahead of the holiday season.

Also read: GM, Ford sales up; FCA down 14.3% in November

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