Wall Street retreated from its record after a sharp slide for Walmart weighed on U.S. stock indexes.
The S&P 500 fell 0.4 percent Thursday after setting all-time highs in each of the last two days. The Dow Jones Industrial Average dropped 1 percent, and the Nasdaq composite slipped 0.5 percent.
Walmart gave a forecast for upcoming profit that fell short of analysts’ expectations, which helped pull down stocks across the retail industry. Treasury yields eased a bit in the bond market following a couple weaker-than-expected reports on the U.S. economy. Stock indexes fell across much of Europe and Asia.
On Thursday:
The S&P 500 fell 26.63 points, or 0.4 percent, to 6,117.52.
The Dow Jones Industrial Average fell 450.94 points, or 1 percent, to 44,176.65.
The Nasdaq composite fell 93.89 points, or 0.5 percent, to 19,962.36.
The Russell 2000 index of smaller companies fell 20.71 points, or 0.9 percent, to 2,261.74.
For the week:
The S&P 500 is up 2.89 points, or less than 0.1 percent.
The Dow is down 369.43 points, or 0.8 percent.
The Nasdaq is down 64.41 points, or 0.3 percent.
The Russell 2000 is down 18.24 points, or 0.8 percent.
For the year:
The S&P 500 is up 235.89 points, or 4 percent.
The Dow is up 1,632.43 points, or 3.8 percent.
The Nasdaq is up 651.57 points, or 3.4 percent.
The Russell 2000 is up 31.59 points, or 1.4 percent.
The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
