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% Thursday after setting all-time highs in each of the last two days. The Dow Jones Industrial Average dropped 1%, and the Nasdaq composite slipped 0.5%.
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%, to 6,117.52.
The Dow Jones Industrial Average fell 450.94 points, or 1%, to 44,176.65.
The Nasdaq composite fell 93.89 points, or 0.5%, to 19,962.36.
The Russell 2000 index of smaller companies fell 20.71 points, or 0.9%, to 2,261.74.
For the week:
The S&P 500 is up 2.89 points, or less than 0.1%.
The Dow is down 369.43 points, or 0.8%.
The Nasdaq is down 64.41 points, or 0.3%.
The Russell 2000 is down 18.24 points, or 0.8%.
For the year:
The S&P 500 is up 235.89 points, or 4%.
The Dow is up 1,632.43 points, or 3.8%.
The Nasdaq is up 651.57 points, or 3.4%.
The Russell 2000 is up 31.59 points, or 1.4%.
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