Wall Street eased from record highs after Walmart forecasted slower sales, and saw its stock drop. The outlook raised concerns about consumer spending and economic growth, while investors also assessed signals from the Federal Reserve and trade policy uncertainties.
Walmart shares just saw their worst weekly performance since May 2022 — tumbling almost 9%. The stock price fell more than 6% on its earnings day alone. It was the stock's worst daily performance since November 2023.
Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere.
Wall Street is retreating from its record as a slide for Walmart weighs on U.S. stock indexes Thursday. The S&P 500 was down 0.6% in morning trading after setting all-time highs in each of the last two days.
The Street has largely defended Walmart's stock in the aftermath of the sell-off, opting to reiterate bullish ratings and price targets. EPS estimates have started to trend lower, Yahoo Finance data shows, but still remain well above the company's guidance.
U.S. stocks sold off on Thursday with the Dow dropping 1%, and the S&P 500 and Nasdaq both shedding just under half a percent.
NEW YORK — A sharp slide for Walmart on Thursday helped pull Wall Street off of its record. The Standard & Poor’s 500 slipped 0.4% for its first drop after setting all-time highs in each of the last two days. The Dow Jones industrial average lost 1%, and the Nasdaq composite sank 0.5%.
Shares of the retail giant sank more than 6% in trading on Thursday after it put forth conservative 2026 fiscal year guidance, which it has done for the past two years. It projects net sales to increase between 3% and 4%, in line with a target of 4% annual sales growth it laid out years ago.
Chinese stocks, meanwhile, surged led by Alibaba Group. Wall Street eased from record highs after Walmart forecasted slower sales, and saw its stock drop. The outlook raised concerns about ...
4don MSN
Wall Street is sliding toward losses in premarket trading after Walmart, the nation’s biggest retailer and a bellwether for the health of the American consumer, gave a disappointing 2025 forecast.
There's a lot of tools that we have that to try to keep those prices low for customers," Walmart CFO John David Rainey told Yahoo Finance. The Street has largely defended Walmart's stock in the ...
Wall Street eased from record highs after Walmart forecasted slower sales, and saw its stock drop. The outlook raised concerns about consumer spending and economic growth, while investors also ...
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