Stock market today: A slide for Walmart pulls Wall Street from its record, and Dow drops 450

Category: Finance

Walmart's 6.5% drop led to a decline in major U.S. stock indexes, with the S&P 500 falling 0.4%. Despite reporting stronger profits, Walmart's profit forecast disappointed analysts amid ongoing inflation concerns. Other retailers like Costco and Target also saw declines. Palantir Technologies and other stocks contributed to the market's downturn, while Baxter International and Alibaba reported better-than-expected profits. Treasury yields fell as unemployment claims rose, indicating potential economic challenges ahead.

Keywords: Walmart, Stock Market, Inflation

Source: The Associated Press

Update At: 2/21/2025

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