US STOCKS-Indexes drop after Walmart profit warning; Nasdaq down 2% ...Middle East

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US STOCKS-Indexes drop after Walmart profit warning; Nasdaq down 2%
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U.S. stocks were sharply lower on Tuesday afternoon, with Nasdaq down more than 2%, as a profit warning by Walmart dragged down retail shares and fueled fears about consumer spending. Walmart shares fell 8% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for food and fuel, and said it needed to cut prices to pare inventories.

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