Retail giants Wal-Mart (WMT, Fortune 500) and Sears Holdings (SHLD, Fortune 500) were the biggest gainers. Wal-Mart, the nation's largest retailer, posted stronger-than-expected quarterly earnings and sales. Rival Sears also reported a profit, even as sales declined, thanks to a boost from selling real estate assets. The retailer also announced it was looking at a partial spin-off of its Canadian operations.
Meanwhile, concerns about Greece's place in the 17-nation eurozone continued to weigh on investors.
European leaders voiced support Wednesday for keeping Greece in the body, but said the debt-ridden country must stick with unpopular austerity measures if it wants to continue receiving help.
Author:Leslie Fogle Phone: 214-364-5888 Dated: May 17th 2012 Views: 2,358 About Leslie: I was born and raised in the Central Valley of California. I attended California State University, S...