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Wall Street edges up as investors buy beaten down stocks

Wal-Mart was up 2.6% at $77.09 after big-box retailer's quarterly earnings beat expectations


US stocks edged up slightly on Thursday as investors sought bargains a day after the market slumped following a scandal that cast a shadow over Donald Trump's presidency and the future of his ambitious pro-growth agenda. Reports that Trump had tried to intervene in an ongoing federal investigation led to the harshest selloff in US stocks on Wednesday since his election in November. Analysts, however, said the underlying strength in the economy could give investors the confidence to use Wednesday's decline to buy the market cheap. "I would anticipate that the ...

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First Published: Thu, May 18 2017. 21:05 IST