Wal-Mart Leads the Dow Lowerhttp://www.fool.com/investing/general/2013/09/25/wal-mart-leads-the-dow-lower.aspx Dan Carroll
September 25, 2013
Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
Stocks are sinking on the day, and the Dow Jones Industrial Average (INDEX: ^DJI) has weathered a tough afternoon so far. As of 2:15 p.m. EDT, the Dow has recorded losses of around 45 points, with most member stocks in the red. Wal-Mart's (NYSE: WMT) leading the index lower in a tough day spurred by a poor inventory report. Let's catch up on what you need to know.
Wal-Mart's inventory battle
Wal-Mart has come back in a response to CNBC, saying that the firm is managing inventory category-by-category and that an across-the-board inventory slash isn't in the works, but today's drop shows just how volatile this stock can be -- and why day-to-day drops and gains can be misleading for investors. W