Stocks Limp Into Close, End Lower for Month, as Emerging Markets Again Spook Investors

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A meltdown in emerging markets compounded by European deflation risk weighed on global equity prices, with the U.S. no exception. Major averages had trimmed losses mid-afternoon, with the Nasdaq briefly flashing green, but all ended in the red by the final bell. Disappointing earnings from Amazon ( AMZN ) and Mattel ( MAT ), and lowered guidance from retail giant Wal-Mart ( WMT ), added to negative market sentiment, rekindling fears that the U.S. economy has stalled. Better-than-expected consumer spending, an uptick in consumer sentiment, and bargain hunting proved briefly supportive until selling resumed late in the session. All three leading indices are lower for the month, the first negative January in five years.




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This article appears in: Investing , Commodities

Referenced Stocks: AMZN , MAT , WMT

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