Stocks settled lower on Thursday as oil prices fell, while disappointing profits from Wal-Mart Stores Inc. outweighed strong retail sales.


The Dow Jones Industrial Average slid 110.77 points, or 1.1 percent, to close at 10,189.48. The Standard & Poor's 500 Index fell 11.75 points, or 1 percent, to finish at 1,159.36. The Nasdaq Composite Index was down 7.67 points, or 0.4 percent, at 1,963.88.


A barrel of light crude settled at $48.54, down $1.91, on the New York Mercantile Exchange, near an 11-week low. The fall in oil prices prompted a sell-off in energy stocks.


And Wal-Mart, the world's biggest retailer, was down 2 percent, or 95 cents, to $47.65 after it reported a weaker-than-expected first-quarter operating profit and said its second-quarter results would miss Wall Street forecasts.


Among local movers, shares of Hemacare Corp. jumped 12 percent to $1.40 after the Woodland Hills-based blood products and services provider reported net income of $276,000 (3 cents per diluted share) for the first quarter ended March 31, compared with $246,000 (3 cents) for the like period a year earlier.


On the down side, shares of Napster Inc. slumped 15.1 percent to $3.95 after the L.A.-based online music service said, after Wednesday's closing bell, that its fiscal fourth-quarter loss widened to 60 cents a share from 20 cents a year earlier as it increased advertising spending to promote its "Napster to Go" portable service.


LJ International Inc. fell 5.5 percent to $2.24 after the Hong Kong-based jewelry maker with U.S. headquarters in Walnut reported net income of $249,000 (2 cents per diluted share) for the first quarter ended March 31, compared with $355,000 (3 cents) for the like period a year earlier.


And Impco Technologies Inc. lost 5.5 percent to $2.94 after the Cerritos-based gaseous fuels components supplier's stock was downgraded to "market perform" from "buy" by analyst John Quealy at Adams Harkness.

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