US stocks declined on Thursday, with the Dow on track to close lower for a fifth day, after Wal-Mart Stores Inc gave a disappointing sales forecast and economic data raised concerns about inflation and slow growth.
Wal-Mart, the world's largest retailer, forecast flat November sales at US stores open at least a year. Its shares fell 1.4 percent to $48.19 on the New York Stock Exchange and were the second-biggest drag on the Dow average.
In late afternoon trading, the stock of Boeing Co was the Dow's top decliner. Boeing was down almost 1 percent at $79.33. A brokerage upgrade of computer maker Dell Inc helped limit losses of the S&P 500 and the Nasdaq. Dell shares rose 3.4 percent to $24.84.
The Dow Jones industrial average was down 29.05 points, or 0.24 percent, at 12,001.97. The Standard & Poor's 500 Index was down 2.63 points, or 0.19 percent, at 1,365.18. The Nasdaq Composite Index was down 2.56 points, or 0.11 percent, at 2,331.79.
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