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Empresas y finanzas

Stocks pare losses on Wal-Mart sales and oil


    NEW YORK (Reuters) - Stocks turned positive on Thursday as better than expected monthly sales from Wal-Mart and a rise in oil prices temper recession worries.

    * Wal-Mart November same-store sales rose 3.4 percent versus expectations calling for a 2.1 gain, overshadowing bleak November retail sales from other major retailers.

    * Oil briefly tops $47 a barrel.

    * The Dow Jones industrial average was down 29.63 points, or 0.34 percent, at 8,562.06. The Standard & Poor's 500 Index was down 3.61 points, or 0.41 percent, at 867.13. The Nasdaq Composite Index was down 5.53 points, or 0.37 percent, at 1,486.85.

    (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)