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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/walmart-forecast-hits-dow-jones.jpg"><img class="alignnone size-full" title="The Dow Jones industrials fell 5.07 points to close at 12,268.19" src="http://londonglossy.com/wp-content/uploads/2011/02/min-walmart-forecast-hits-dow-jones.jpg" alt="The Dow Jones industrials fell 5.07 points to close at 12,268.19"/></a></p>
<p>Wal-Mart pulled down the Dow Jones industrial average after analysts at JPMorgan lowered their outlook for the company. </p>
<p>The Standard&#038;Poor&#8217;s 500 index and the Nasdaq closed slightly higher.</p>
<p>JPMorgan&#8217;s analysts said the world&#8217;s largest retailer risks losing trade as low-income shoppers head to discount stores and other customers return to more expensive stores. Wal-Mart dropped 1.6% and was the weakest company among the 30 that make up the Dow Jones industrial average.</p>
<p>Stocks traded in a tight range throughout the day as investors weighed the impact of President Barack Obama&#8217;s 3.73 trillion dollar budget proposal for the next fiscal year.</p>
<p>Mr Obama&#8217;s budget includes a five-year freeze on many domestic spending programmes. The White House contends the budget plan for the fiscal year beginning on October 1 puts the government on course to cut deficits by about 1.1 trillion dollars over the coming decade.</p>
<p>Republicans and Democrats have sparred over how much spending to cut. The worry is that slashing spending could risk the economic recovery.</p>
<p>Bond prices held steady after details of the budget proposal were revealed. The yield on the benchmark 10-year Treasury note edged down to 3.62%, slightly lower than late on Friday. A jump in Treasury bond yields would suggest that investors see US debt as increasingly risky.</p>
<p>MGM Resorts International fell 3% after reporting a loss of 139 million dollars last quarter, a little narrower than analysts had expected.</p>
<p>The Dow fell 5.07 points, or less than 0.1%, to 12,268.19. The Standard&#038;Poor&#8217;s 500 index rose 3.17 points, or 0.2%, to 1,332.32. The Nasdaq composite gained 7.74 points, or 0.3%, to 2,817.18.</p>
<p>Stocks ended last week with a slight gain after the resignation of Egyptian president Hosni Mubarak. That helped push both the Dow and S&#038;P 500 to their highest levels since June 2008. </p>
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