US stocks fell on Thursday after oil prices hit a new record for the fifth consecutive trading session, leaping further above $44 a barrel as supply concerns intensified.
Wal-Mart dragged on the Dow, as the world's largest retailer said July sales were not fuelled by its namesake discount stores. July sales from US retailers largely met modest expectations, but failed to excite most investors.
The Dow Jones industrial average was down 94 points, or 0.93 percent, at 10,032. The Standard & Poor's 500 Index was down 11 points, or 1.00 percent, at 1,088. The technology-laced Nasdaq Composite Index was down 21 points, or 1.12 percent, at 1,834.