News Summary: Stocks fall for third day

AP News
Posted: Nov 15, 2012 5:12 PM

STOCKS DECLINE AGAIN: Stock indexes closed lower Thursday, a third straight decline, after U.S. retailers issued weak forecast for earnings.

WAL-MART: The giant discounter was among retailers that disappointed analysts and investors with a weaker profit outlook. The company's stock slumped $2.59, or 3.6 percent, to $68.72 after it issued a fourth-quarter forecast that fell short of analysts' expectations.

UNEMPLOYMENT CLAIMS: More people filed claims for unemployment benefits, giving investors little cause for cheer, though the Labor Department said the rise was mainly due to the effects of Superstorm Sandy.