US STOCKS-Wall St falls as retail data blurs econ outlook

* Big manufacturer shares down

* Intel Corp (INTC.O: Quote, Profile, Research) fined record $1.45 billion

* Drugmaker shares climb

* Indexes down: Dow 2.3 pct, S&P 2.6 pct, Nasdaq 2.7 pct

[For up-to-the-minute market news click [STXNEWS/US] (Updates to early afternoon, changes byline)

By Rodrigo Campos

NEW YORK, May 13 (Reuters) - U.S. stocks slumped on Wednesday after retail sales data came in worse than expected, hurting shares in the sector including Wal-Mart Stores Inc and blurring the economic outlook.

Government data showed sales at retailers fell for a second straight month in April, after a string of more upbeat reports suggested a turning point in the economic cycle.

Retail activity is a closely followed indicator, as it accounts for roughly two-thirds of the U.S. economy. Analysts had forecast no change or even a small increase in retail sales, excluding autos. [ID:nN13384420]