By Stephen Culp

New York (Reuters) – The New York Stock Exchange ended up on Thursday while the disappointing forecasts communicated by Walmart concerned investors, limiting their appetite for risk, against the backdrop of uncertainty linked to the range of customs duties May the American president Donald Trump intends to implement.

The Dow Jones index sold 1.01%, or 450.94 points, to 44,176.65 points.

The wider S&P-500 lost 26.63 points, or 0.43%, to 6,117.52 points.

The Nasdaq Composite fell on its side from 93.89 points (0.47%) to 19,962.36 points.

The S & P-500, which had signed up two closing records blow, therefore sees this series stop, while the Dow Jones recorded the strongest withdrawal of the day.

Suggesting a rotation towards “refuges” in a context of increasing uncertainty, the prices of gold have climbed to an unprecedented peak.

Walmart, the main retailer in the world, announced sales and profit forecasts for the day below the expectations of Wall Street, leaving a decline in consumer demand.

Noting that consumption fuels “70% of the American economy”, Robert Pavlik, portfolio manager at Dakota Wealth in Connecticut, said that disappointing Walmart forecasts “accentuate nervousness, with regard to the health of consumption consumption as well as potential consumer expenses in the future “.

“This has probably amplified the pressures for sale for Walmart actions, which has repercussions through the entire market,” he added. Walmart fell 6.5%, while its Target and Costco Wholesale rivals lost 2.0%and 2.6%respectively.

Walmart forecasts also give an overview of the fears of American companies with regard to the impact for their activities of customs duties announced by Donald Trump, whose list has continued to expand since his return to the White House in January.

“When we talk about uncertainty, we cannot not mention customs duties,” said Mike Dickson, research director at Horizon Investments, in Charlotte in North Carolina. “This is a very volatile question”.

“Does Trump use them as a negotiation tool? Is it serious (in his desire to implement them)? Who will be impacted? These questions come back a lot,” he continued.

Recent economic data suggest that the US economy remains solid for the time being, as comments from the Federal Reserve (Fed) have recalled. But some economists say they fear potential labor market disruption with the thousands of officials recently dismissed by the Trump administration.

Among the major sectors of the S&P-500, finance recorded the largest drop (1.6%) of the day. Energy increased by 1.0%.

On the values, Palantant Technologies, which provides governments certain military software, lost 5.2% after the US Department of Defense announced studying possible budget cuts for the 2026 tax fiscal year. Alibaba took 8.1% at The suite of quarterly results better than expected. Hasbro jumped 13% for beating Wall Street’s expectations in the fourth quarter.

text_section_type = “notes” for other information, please click on the following codes: NYSE NASDAQ Summary Synthetic market ……….. 25 Strong volumes ……….. ……. stronger increases in %…………… stronger decreases in %…………… Guide of indices American scholarship holders …. market statistics …………………. Reference loan at 10 years …………. . US equity market guide …… Dow Jones indices …………………….. S&P indices …….. ……… Ex-Dividend values ​​……………………………………….. For the Dow Jones and the S&P ..

(Written by Jean Terzian)

Copyright © 2025 Thomson Reuters