Dow drops 450 points as Walmart outlook sparks sell-off
Press Hub UCapital
Share:
Walmart drags markets lower
The Dow Jones Industrial Average (DJI) tumbled 1.01%, shedding 450 points, after Walmart (WMT) plunged 6.53% on a disappointing earnings outlook. Walmart warned of slowing profit growth in 2025, citing geopolitical uncertainty, which rattled investor sentiment across the market.
Amazon overtakes Walmart in quarterly revenue
For the first time since 2012, Walmart lost its top spot in quarterly sales, reporting $180.5 billion in q4 revenue, compared to Amazon’s (AMZN) record $187.8 billion. While Walmart is still expected to lead for the full fiscal year, concerns over consumer spending trends have intensified, dragging retail and consumer stocks lower.
Broader market reaction
The S&P 500 fell 0.4%, while the Nasdaq composite lost 0.5%, as tech, financials, and consumer stocks bore the brunt of the sell-off. Health care and real estate were the only sectors to finish in positive territory.
Trading outlook
With no major economic releases scheduled for friday, traders will be watching for dip-buying opportunities in beaten-down consumer and retail stocks. the dow faces key support near 38,600-38,700, while resistance remains at 39,200-39,300. further downside risk remains if retail earnings continue to signal weaker consumer spending.
The Dow Jones Industrial Average (DJI) tumbled 1.01%, shedding 450 points, after Walmart (WMT) plunged 6.53% on a disappointing earnings outlook. Walmart warned of slowing profit growth in 2025, citing geopolitical uncertainty, which rattled investor sentiment across the market.
Amazon overtakes Walmart in quarterly revenue
For the first time since 2012, Walmart lost its top spot in quarterly sales, reporting $180.5 billion in q4 revenue, compared to Amazon’s (AMZN) record $187.8 billion. While Walmart is still expected to lead for the full fiscal year, concerns over consumer spending trends have intensified, dragging retail and consumer stocks lower.
Broader market reaction
The S&P 500 fell 0.4%, while the Nasdaq composite lost 0.5%, as tech, financials, and consumer stocks bore the brunt of the sell-off. Health care and real estate were the only sectors to finish in positive territory.
Trading outlook
With no major economic releases scheduled for friday, traders will be watching for dip-buying opportunities in beaten-down consumer and retail stocks. the dow faces key support near 38,600-38,700, while resistance remains at 39,200-39,300. further downside risk remains if retail earnings continue to signal weaker consumer spending.