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- Global Stocks: U.S. and Asian indices declined
Global Stocks: U.S. and Asian indices declined
Major U.S. stock indices declined on Tuesday amid lower commodity prices and a weak earnings report from the world's largest retailer Wal-Mart Stores.
The Dow Jones Industrial Average declined 33.84 points, or 0.2%, to 17511.34. The S&P 500 slid 5.52 points, or 0.3% to 2096.92 (all of its sectors declined). The Nasdaq Composite fell 32.35 points, or 0.6%, to 5059.35.
Wal-Mart shares fell 3.4% after the company reported that its profit fell 15% to $3.48 billion in the second quarter of 2015.
This morning in Asia Hong Kong Hang Seng dropped 1.03%, or 242.21 points, to 23,232.76. China Shanghai Composite Index lost 3.12%, or 116.76 points, to 3,631.40. The Nikkei fell 1.35%, or 278.36 points, to 20,276.11.
Japanese stocks fell following declines in U.S. equities. Investors were also concerned about China's stock market. Declines in Chinese stocks renewed concerns over the country's economic conditions.
Chinese stocks continued falling after they dropped 6.1% yesterday. Investors are concerned that the government's actions related to macroeconomic regulation will drive attention away from the stock market.
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