Dow plunges 600 points as surging Treasury yields, Walmart sales shock Wall Street

Stock indexes fell on Thursday and hovered near two-week lows, as rising Treasury yields dented risk appetite and disappointing results from retail bellwether Walmart added pressure along with rallying oil prices. In afternoon trading, the Dow Jones Industrial Average tumbled 605.14 points, or 1.1%, to 52,857.91. The S&P 500 lost 0.7%, and the Nasdaq Composite dropped more than 1%. Stock indexes fell on Thursday and hovered near two-week lows, while oil prices rose. REUTERS Walmart shares fell 9% after it missed Wall Street expectations for quarterly comparable sales rising gasoline prices had shoppers reining in spending. The report dragged the S&P 500 consumer staples index down 1.5%. Consumer discretionary fell 1.9%, putting it among the weakest sectors. Rival retailers also fell after