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Walmart Slide Impacts U.S. Stock Indexes, Palantir Technologies Drops

A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Tuesday, Jan. 28, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)

On Thursday, U.S. stock indexes experienced a slight decline, with the S&P 500 down 0.3% in early trading, following record highs in the previous two days. The Dow Jones Industrial Average also dropped by 0.3%, losing 130 points, while the Nasdaq composite was 0.2% lower.

Walmart's stock slide of 6.2% contributed to the market's downturn, despite the retailer reporting stronger profits for the latest quarter than anticipated. The company's profit forecast for the upcoming period fell short of analysts' expectations, attributed to ongoing high inflation and the looming threat of tariffs.

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