It was another down day for the markets with stocks tumbling to session lows by midday and then continued to fall, amid concerns over the situation in Greece.
On the economic front, the number of Americans filing new claims for unemployment benefits held steady at a seasonally adjusted 370,000 last week, according to to the Labor Department. Economists had forecast 366,000 new applications.
Meanwhile, the Conference Board is reporting a drop in leading economic indicators for the first time since September.
Wal-mart(NYSE:WMT) posted a stronger than expected quarterly profit, despite ongoing allegations over possible bribery.
The big box retailer also posted a gain in same-store sales, sending shares higher today.
Sears (NASDAQ:SHLD) also rallied today after the retailer announced plans to spin-off a large portion of its Sears Canada unit. The company beat earnings expectations for its first quarter and posted better than expected sales.
Tomorrow, all eyes will be on Facebook (NASDAQ:FB), as the social network makes its trading debut on the Nasdaq.
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