Walmart's Poor Q1 Earnings Drags Down the Dow; GM Recalls 3 Million More Vehicles

All three U.S. stock indices ended the day lower, with the Dow Jones being dragged down by Walmart (WMT). Walmart revealed a disappointing earnings report today, reporting that the retailer's net income dropped by 5% in the first quarter. The mega-retailer sites that the harsh winter weather greatly impacted their earnings report.  It seems like General Motors (GM) learned from its previous mistake and issued a recall of nearly 3 million cars and trucks, before any deaths occurred.
The majority of the vehicles, 2.7 million, are in the United States.

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Published on May 15, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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