The Dow Jones Industrial Average was being dragged lower by a pullback in shares of Walmart Inc. Shares of Walmart were down 9%, or $9.39, at $95.50, putting the retailing giant in position to mark its worst daily percentage decline since Oct. 14, 2015, according to FactSet data. That decline was weighing mightily on the Dow, exacting a more than 65-point toll. A $1 swing in any one of the Dow’s 30 components equating to a 6.83-point move. Walmart Inc.’s share stumble comes after its fourth-quarter adjusted earnings a share were weaker than forecast. The lion’s share of the Dow’s 136-point drop, or 0.5%, at 25,057, was tied to Walmart. Another Dow component, UnitedHealth Group Inc., was delivering a 24-point tax. The S&P 500 index retreated 0.2% at 2,726, while the Nasdaq Composite Index was up 0.3% at 7,262, bucking the market’s broader drift lower.
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