All three major US stock indexes were down in late-morning trading Thursday, as investors monitored rising oil prices tied to tensions between the US and Iran.

In company news, Walmart (WMT) reported fiscal Q4 adjusted earnings Thursday of $0.74 per diluted share, up from $0.66 a year earlier and above the FactSet consensus analyst estimate of $0.73. Fiscal Q4 revenue was $190.66 billion, up from $180.55 billion a year ago and above the FactSet consensus of $190.49 billion. For fiscal Q1, the company said it expects adjusted EPS of $0.63 to $0.65, below the FactSet consensus of $0.68. For fiscal 2027, the company said it expects adjusted EPS of $2.75 to $2.85, below the FactSet consensus of $2.97. Walmart shares were down 0.4% around midday.

Klarna (KLAR) reported a 2025 net loss Thursday of $0.79 per diluted share, swinging from a profit of $0.01 a year earlier and compared to a loss of $0.70 expected by analysts polled by FactSet. Fourth-quarter revenue was $1.08 billion, up from $781 million a year ago and above the FactSet consensus of $1.07 billion. Full-year revenue was $3.51 billion, up from $2.81 billion a year ago and above the FactSet consensus of $3.50 billion. For Q1, the company said it expects revenue of $900 million to $980 million. Analysts polled by FactSet expect $965.8 million. Klarna shares were down nearly 26%.

Carvana (CVNA) reported Q4 earnings late Wednesday of $4.22 per diluted share, up from $0.56 a year earlier. Fourth-quarter revenue was $5.60 billion, up from $3.55 billion a year ago and above the FactSet consensus of $5.27 billion. Carvana shares were down 8.4%.

Deere (DE) reported fiscal Q1 earnings Thursday of $2.42 per diluted share, down from $3.19 a year earlier but above the FactSet consensus of $2.06. Fiscal Q1 net sales were $8 billion, up from $6.81 billion a year ago and above the FactSet consensus of $7.59 billion. Deere shares were up 12%.

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