US stocks fell on Tuesday as disappointing earnings forecasts from retailers, including Wal-Mart Stores Inc, raised concerns that high energy costs may be hurting consumer spending.
Technology stocks also fell, weighing on the Nasdaq. Shares of personal computer maker Gateway Inc slid 19.2 percent to $3.14 on the New York Stock Exchange after the company a day after it cut its 2005 revenue and earnings forecast. Rival Apple Computer Inc was one of the Nasdaq's biggest decliners, falling 1.85 percent to $46.79.
The Dow Jones Industrial Average was down 77 points, or 0.73 percent, at 10,557.16. The Standard & Poor's 500 Index was down 8.11 points, or 0.66 percent, at 1,225.76 And the technology-laced Nasdaq Composite Index was down 18 points, or 0.8 percent, at 2,149.46.