The S&P 500 experienced a 0.4% decline, marking its first drop after reaching all-time highs over the past two days. The Dow Jones Industrial Average saw a loss of 450 points, or 1%, while the Nasdaq composite dropped 0.5%.
Walmart was the main driver behind the market’s downturn, plummeting 6.5% despite reporting stronger profits for the latest quarter than analysts had anticipated. The Bentonville, Arkansas-based retail giant provided a profit forecast for the upcoming period that fell short of analysts’ expectations, as consumers nationwide grapple with persistent inflation and the looming threat of tariffs imposed by President Donald Trump.
Blue Press Journal 
Leave a comment