The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo74° Breezy

Tuesday

Hi98° Hot

Tuesday Night

Lo70° Clear

Wednesday

Hi99° Hot

Wednesday Night

Lo72° Clear

Thursday

Hi103° Hot

Thursday Night

Lo75° Clear

Friday

Hi102° Hot

Friday Night

Lo67° Clear

Independence Day

Hi102° Hot

Wall Street

Send to Kindle
Print This

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.

View my options or Sign in