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Earlier this year, Wal-Mart raised its minimum wage to $9 an hour, a move that benefited some 500,000 workers. Wal-Mart’s current market cap stands at $225.62 billion. The company provided earnings per share (EPS) guidance of $0.93-1.05 for the period, compared to the...

U.S. stocks closed lower after a choppy session Tuesday as investors digested a mixed bag of quarterly results and an upbeat report on home construction in July. The consensus was for $4.77 per share.