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US stocks end down

16 May 2014 08:40 (UTC +04:00)

Baku – APA-Economics. US stocks slumped after weak earnings from Walmart hit retail equities amid concerns that investors are shifting from stocks to bonds, Sydney Morning Herald reported.

The Dow Jones Industrial Average sank 167.16 points, or 1.01 per cent, to 16,446.81 after earlier slipping below 16,400.

The broad-based S&P 500 plummeted 17.68 points, or 0.94 per cent, to 1,870.85 while the tech-rich Nasdaq Composite Index shed 31.33 points, or 0.76 per cent, to 4,069.29.

London's benchmark FTSE 100 index gave up 0.55 per cent to close at 6,840.089 points as investors considered a STG3.7 billion ($A6.8 billion) merger of retail giants Carphone Warehouse and Dixons as defensive.

Frankfurt's DAX 30 lost 1.0 per cent to 9,656.05 points despite impressive German growth, while the CAC 40 in Paris shed 1.25 per cent to 4,444.93 points.