Caterpillar Inc. (CAT), Wal-Mart Stores, Inc. (WMT): Why China’s Weighing Down the Dow

As for Wal-Mart Stores, Inc. (NYSE:WMT)? Syvlia Matthews Burwell, the head of the Walmart Foundation — the company’s charitable arm — was nominated by President Obama to lead the White House’s Office of Management and Budget today. Still, with Wal-Mart leadership lamenting the “total disaster” of February sales, the company’s in hot water. If consumer spending remains subdued as the payroll tax hike squeezes American budgets, Wal-Mart Stores, Inc. (NYSE:WMT) could be headed for more trouble. Don’t take too much away from the stock’s good day today.

The article Why China’s Weighing Down the Dow originally appeared on Fool.com and is written by Dan Carroll.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Home Depot.

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