A rebound in US government bond yields sent stocks falling again on Thursday, with retail giant Walmart's quarterly sales miss weighing heavily on investor sentiment, according to a Reuters report.
Walmart shares fell 8.6% after quarterly comparable sales came in below Wall Street estimates as higher gas prices prompted consumers to curb spending. The stock dragged the S&P 500 consumer staples index down 1.6%, making it the session’s worst-performing sector.
