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Wall Street experienced its fifth consecutive day of losses, primarily due to Walmart's disappointing profit report and reduced expectations of interest rate cuts. The S&P 500 fell 0.4%, the Dow dropped 0.3%, and the Nasdaq also declined 0.3%. Walmart's stock plummeted 4.5% after missing profit expectations. A report suggesting accelerating business growth, but also rising prices due to tariffs, dampened hopes for imminent interest rate cuts by the Federal Reserve. While a rate cut is anticipated, the recent data makes it less likely in the near future. Several tech stocks, including Nvidia and Palantir, showed relative stability, while others like Coty experienced significant drops. International markets showed mixed results.

Prepared by Christopher Adams and reviewed by editorial team.