US stocks down as Walmart disappoints
(Close): Wall Street markets closed lower on Thursday as oil prices stagnated and shares in Walmart fell.
The Dow Jones industrial average slipped 40.61 points to 16,413.22.
Shares in Walmart fell 3% after the company cut its 2017 sales forecast, blaming the strong dollar and the impact of previously announced store closures.
Brent crude lost 1.7%, falling to $33.92 a barrel, while West Texas crude declined 0.8% to $30.42 a barrel.
Analysts said Wall Street's fall was probably due to investors locking in some profits.
"We've had a pretty significant bounce," said Michael James, managing director of equity trading at Wedbush Securities. "Today is just a bit of profit-taking from those that have benefited from the significant move."