The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.48%. March E-mini S&P futures (ESH25) are down -0.49%, and March E-mini Nasdaq futures (NQH25) are down -0.52%.
Stocks retreated Thursday, with the S&P 500 and Nasdaq 100 falling to 1-week lows and the Dow Jones Industrials falling to a 2-1/2 week low. Thursday’s weak forecast from Walmart has raised concerns about consumer demand and undercut stocks. After forecasting lower-than-expected full-year profit, Walmart closed down more than -6%, citing an uncertain economic environment. Also, the weakness in bank stocks Thursday weighed on the broader market.
