Dow Tumbles 150 Points; Walmart Earnings Top Views

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 150 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.39% to 41,888.10 while the NASDAQ fell 0.83% to 18,987.25. The S&P 500 also fell, dropping, 0.44% to 5,866.61.

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Leading and Lagging Sectors

Utilities shares jumped by 1.2% on Thursday.

In trading on Thursday, health care stocks fell by 1.4%.

Top Headline

Walmart Inc. (NYSE:WMT) reported better-than-expected earnings for its first quarter on Thursday.

The company posted first-quarter FY26 sales growth of 2.5% year-on-year (Y/Y) to $165.60 billion, marginally missing the analyst consensus estimate of $165.88 billion. The retailer reported adjusted EPS of 61 cents, beating the consensus estimate of 58 cents.

For fiscal year 2026, Walmart reaffirmed an adjusted EPS outlook of $2.50 – $2.60, vs. the $2.61 estimate and sales guidance of $694.70 billion—$701.50 billion vs. the street view of $705.30 billion.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 2.3% to $61.73 while gold traded up 0.2% at $3,195.80.

Silver traded down 0.2% to $32.375 on Thursday, while copper fell 0.4% to $4.6300.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 gained 0.3%, Germany's DAX 40 rose 0.2% and France's CAC 40 slipped 0.1% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei falling 0.98%, Hong Kong's Hang Seng Index declining 0.79%, China's Shanghai Composite Index falling 0.68% and India's BSE Sensex gaining 1.48%.

Economics

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