Stocks lower on Thursday, with Nasdaq down 0.87% and energy shares up 1.5%. Walmart shares fell 10% after reporting Q2 results below estimates.
Walmart beat Q2 earnings (81¢ vs 74¢ consensus, $187.9B sales vs $186.8B) but issued weak Q3 guidance (62-64¢ vs 68¢ expected), dragging stock down 10%. Weak guidance signals consumer spending contraction ahead; crypto surges (+11% HIVE Digital) on policy tailwinds (Trump, Clarity Act), signaling capital rotation to alternatives.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 200 points on Thursday.
The Dow traded down 0.84% to 53,015.12 while the NASDAQ fell 0.87% to 26,100.76. The S&P 500 also fell, dropping, 0.41% to 7,676.76.
Leading and Lagging Sectors
Energy shares jumped by 1.5% on Thursday.
In trading on Thursday, consumer staples stocks fell by 1.8%.
US stocks declined as yields rebounded, while Walmart posted its slowest sales growth in six years and guidance disappointed - Newsquawk Daily Asia-Pac Market Open
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