(NEW YORK) — Stocks slid again Thursday, despite an encouraging report on home sales, which rose from December to January.
The Dow closed down 47 points, or 0.3 percent, at 13,880.62. The Nadsaq gave up 33 points, or one percent, to close at 3,131.49. The S&P 500 lost 10 points, or 0.6 percent, and closed at 1,502.42.
Oil prices also declined for a second day, raising hopes it’ll slow the spike in gas prices. U.S. benchmark crude fell more than $2.00 to just under $93 a barrel.
Meanwhile, low prices mean big business for Walmart. The discount chain’s fourth-quarter earnings rose almost eight percent, exceeding analysts’ expectations.
Copyright 2013 ABC News Radio
Lois M. Collins, Deseret News