Dow Tumbles 150 Points; Walmart Earnings Top Views

Benzinga
05-15

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 150 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.39% to 41,888.10 while the NASDAQ fell 0.83% to 18,987.25. The S&P 500 also fell, dropping, 0.44% to 5,866.61.

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Leading and Lagging SectorsUtilities shares jumped by 1.2% on Thursday.

In trading on Wednesday, health care stocks fell by 1.4%.

Top Headline

Walmart Inc. (NYSE:WMT) reported better-than-expected earnings for its first quarter on Thursday.

The company posted first-quarter FY26 sales growth of 2.5% year-on-year (Y/Y) to $165.60 billion, marginally missing the analyst consensus estimate of $165.88 billion. The retailer reported adjusted EPS of 61 cents, beating the consensus estimate of 58 cents.

For fiscal year 2026, Walmart reaffirmed an adjusted EPS outlook of $2.50 – $2.60, vs. the $2.61 estimate and sales guidance of $694.70 billion—$701.50 billion vs. the street view of $705.30 billion.

Equities Trading UP                       

  • Click Holdings Limited (NASDAQ:CLIK) shares shot up 270% to $1.0100 after the company announced it signed a cooperation agreement with Flash Mutual Technology.
  • Shares of Graphjet Technology (NASDAQ:GTI) got a boost, surging 97% to $0.1913 after the company disclosed in 13D filing that its Co-Founder, CEO and CFO Aiden Lee Ping Wei reported A 48.9% stake in the company.
  • Foot Locker, Inc. (NYSE:FL) shares were also up, gaining 83% to $23.52 after DICK’s Sporting Goods agreed to acquire the company. Also, the company issued preliminary first-quarter non-GAAP EPS results.

Equities Trading DOWN

  • Healthcare Triangle, Inc. (NASDAQ:HCTI) shares dropped 82% to $0.0402.
  • Shares of NanoVibronix, Inc. (NASDAQ:NAOV) were down 63% to $1.4299 after the company announced the pricing of $10 million public offering of preferred stock and warrants.
  • REE Automotive Ltd. (NASDAQ:REE) was down, falling 54% to $1.52 following fourth-quarter financial results. Additionally, the company announced it has temporarily paused production plans while monitoring ongoing manufacturing and supply chain conditions.

CommoditiesIn commodity news, oil traded down 2.3% to $61.73 while gold traded up 0.2% at $3,195.80.

Silver traded down 0.2% to $32.375 on Thursday, while copper fell 0.4% to $4.6300.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 gained 0.3%, Germany's DAX 40 rose 0.2% and France's CAC 40 slipped 0.1% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan's Nikkei falling 0.98%, Hong Kong's Hang Seng Index declining 0.79%, China's Shanghai Composite Index falling 0.68% and India's BSE Sensex gaining 1.48%.

Economics

  • U.S. industrial production came in little changed in April, compared to market estimates of a 0.2% rise.
  • The Philadelphia Fed Manufacturing Index increased 22 points to a reading of –4.0 in May compared to a reading of -26.4 in April.
  • The NY Empire State Manufacturing Index declined to -9.2 in May compared to -8.1 in April, versus market estimates of -10.
  • Initial jobless claims came in unchanged from the previous week at 229,000 during the week ending May 10.
  • U.S. retail sales increased by 0.1% month-over-month in April compared to a revised 1.7% gain in March.
  • U.S. producer prices declined by 0.5% in April compared to a revised flat reading in the previous month and versus market estimates of a 0.2% gain.

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  • Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

Photo via Shutterstock

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