Walmart's Profit Outlook Hits Wall Street as Market Awaits Key Reports

Disappointing guidance from Walmart and broader economic concerns weigh on stocks, while investors prepare for upcoming earnings and inflation data.

Walmart's stock fell over 6% after issuing a profit outlook that disappointed investors, despite beating earnings expectations for the recent quarter.
Broader markets saw declines, with the S&P 500 dropping 0.4% and the Dow Jones Industrial Average losing 1%, driven by concerns over inflation and potential tariffs on Canadian and Mexican goods.
Tech stocks showed resilience globally, with China's tech sector rallying following Alibaba's strong earnings and optimism around AI developments.
Investors are closely monitoring upcoming reports, including Nvidia's earnings and the Personal Consumption Expenditures (PCE) report, for insights into AI spending and inflation trends.
Geopolitical and economic uncertainties, including potential U.S. defense budget cuts and tariff threats, are adding to market volatility as global markets digest mixed signals.