Stocks moved lower Thursday, a day after the S&P 500 hit a fresh all-time high, while retail giant Walmart slid after issuing a disappointing outlook.
The Dow Jones Industrials crumbled 381.44 points Thursday to 44,246.15
The much-broader dumped 44.11 points to 6,100.04
The tech-heavy NASDAQ dropped 181.7 points to 19,874.55.
Dow member Walmart dropped more than 4% after the company said it expects fiscal year sales to grow between 3% and 4%. The company’s fiscal 2026 earnings outlook, meanwhile, was below analyst expectations. The weak guidance overshadowed fiscal fourth-quarter earnings that topped estimates.
Target and Costco traded more than 1% lower, following Walmart’s move.
Prices for the 10-year Treasury gained, lowering yields to 4.51% from Wednesday’s 4.53%. Treasury prices and yields move in opposite directions.
Oil prices progressed 35 cents to $72.60 U.S. a barrel.
Prices for gold moved higher $17.10 an ounce to $2,953.80 U.S.
