NEW YORK - Stocks fell modestly Monday after investors voiced concerns about the health of the economy following a lackluster same-store sales report from Wal-Mart Stores Inc.
The Wal-Mart news added to concerns that arose Friday with the report that the country’s economy, as measured by gross domestic product, was estimated to have risen a lower-than-expected 1.6 percent in the third quarter.
That sent stocks sliding at the end of a week in which the Dow Jones industrial average had set new closing records for four straight sessions.
The Dow Jones industrial average was lately down 8.17 points, or 0.
07 percent, while the broader Standard Poor’s 500-stock index lost 1.24 points, or 0.09 percent, and the Nasdaq composite index was down 3.
25 points, or 0.14 percent.
Wal-Mart said same-store sales, or sales at stores open at least a year, rose 0.
5 percent in October, the smallest increase in nearly six years. The world’s largest retailer had forecast sales would increase 2 percent to 4 percent.
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