The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

Today

Hi60° Isolated Showers

Tonight

Lo45° Rain Likely

Thursday

Hi64° Rain Likely

Thursday Night

Lo43° Mostly Cloudy

Friday

Hi61° Partly Sunny

Friday Night

Lo41° Slight Chc Showers

Saturday

Hi63° Mostly Sunny

Saturday Night

Lo40° Slight Chc Showers

Sunday

Hi64° Slight Chc Showers

Sunday Night

Lo41° Slight Chc Showers

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 optionsorSign in