From Tomi Kilgore: Walgreens Boots Alliance Inc.’s stock WBA, -12.58% plummeted 12.3% in morning trade, putting them on track for a 5-year closing low, after the drugstore chain’s disappointing earnings report and slashed profit-growth guidance. The stock, headed for the lowest close since April 2014, was also suffering its biggest one-day drop since it tumbled 14.3% on Aug. 6, 2014, which was the day Walgreen announced it would buy the remaining stake in Alliance Boots GmbH that it didn’t already own. The stock’s price decline was lopping about 53 points off the price of the Dow Jones Industrial Average DJIA, -0.40% which fell 87 points. It also helped knock the shares of rival CVS Health Corp. CVS, -3.28%down 3.4% and the SPDR Consumer Staples Select Sector ETF XLP, -0.64% down 0.6%. Walgreens was the biggest decliner in the consumer staples ETF.
