Thursday, 15 October 2015

Wall Street falls after Wal-Mart's weak forecast

US stocks fell on Wednesday as Wal-Mart Stores Inc skidded after issuing a weak profit forecast and as JPMorgan Chase & Co slipped on disappointing results. 
The news added to worries about the outlook for US earnings, with Standard & Poor's 500 profits forecast to have dropped more than 4 percent in the third quarter from a year ago, according to Thomson Reuters data. 
After the market close, shares of Netflix fell 2.4 percent to USD 107.55 after the company reported US subscriber additions below its own forecast. 
The shares were down about 12 percent shortly after the news.

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