The Wenatchee World

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Weather

The latest extended forecast from The Weather Channel

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Today

Hi73° Slight Chance Showers

Tonight

Lo53° Partly Cloudy and Breezy then Partly Cloudy

Sunday

Hi73° Slight Chance Showers

Sunday Night

Lo52° Partly Cloudy

Labor Day

Hi76° Sunny

Monday Night

Lo53° Mostly Clear

Tuesday

Hi79° Mostly Sunny

Tuesday Night

Lo56° Partly Cloudy

Wednesday

Hi83° Sunny

Wednesday Night

Lo54° Mostly Clear

Wall Street

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NEW YORK (AP) — Grim sales forecasts from two major companies and concern that the Federal Reserve will soon start withdrawing its support for the economy pummeled the stock market Thursday. The Dow Jones industrial average slumped 225 points, its worst day in nearly two months.

Before the start of trading, Wal-Mart cut its estimates for annual revenue and profit. The news followed a disappointing revenue forecast from Cisco Systems late Wednesday. In a twist, more signs of resilience in the U.S. economy weighed on the stock market. Reports on inflation and the job market appeared to raise the odds that the Fed would begin winding down its massive bond-buying program as early as next month.

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