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Stocks slip, ending a three-day rally; Wal-Mart sinks retailers

Stocks slip, ending a three-day rally; Wal-Mart sinks retailers

Stocks slipped Thursday as a three-day rally ran out of steam. A surge in oil prices also slowed down, and consumer stocks fell after Wal-Mart reported disappointing sales and cut its projections for the year.

The losses were small but spread across many industries. Energy stocks fell the most, followed by banks. Those stocks had made big gains over the last three days as the market rallied. Wal-Mart's weak results put pressure on other retailers as well as supermarket chains.

The Dow Jones industrial average gave up 40.40 points, or 0.3%, to close at 16,413.43. The Standard & Poor's 500 index sank 8.99 points, or 0.5%, to 1,917.83. The Nasdaq composite index fell 46.53...

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