May 15, 2014 4:38 PM EDT

The Dow Jones Industrial Average closed down on Thursday, marking the index’s second slump since last week’s record peaks and the worst day since early April.

The Dow suffered a steep fall on Thursday, dropping 1%, or 167.16 points, to end the day at 16446.81. S&P 500 had a similar fate, falling 17.68 points, or 0.94% to close at 1870.85. Lackluster earnings reports from retailers Wal-Mart and Kohl’s helped bring the Dow down, CNBC reports, as did disappointing outlooks from homebuilders, a decline in industrial production and higher consumer prices in April.

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