U.S. Indexes Drop Sharply

Stock futures moved lower Thursday, a day after the S&P 500 hit a fresh all-time high, while retail giant Walmart slid after issuing a disappointing outlook.Futures for the Dow Jones Industrials lost 140 points, or 0.3%, to 44,571Futures for the S&P 500 slid 17.75 points or 0.3%, to 6,145.25.Futures for the tech-heavy NASDAQ gave back 59.5 points, or 0.3%, to 22,191. Dow member Walmart dropped more than 7% after the company said it expects fiscal year sales to grow between 3% and 4%. That’s below a StreetAccount forecast that pointed to 4.2% growth. The company’s fiscal 2026 earnings outlook was also below analyst expectations. The weak guidance overshadowed fiscal fourth-quarter earnings that beat analyst expectations.Wall Street is coming off a winning session, with the S&P 500 on Wednesday posting another record high. The NASDAQ Composite and the 30-stock Dow also finished in positive territory as investors shrugged off President Donald Trump’s warning of more tariffs.Elsewhere on the economic front, investors will be watching for weekly jobless claims data, which is due at 8:30 a.m. ET.In Japan, the Nikkei 225 slid 1.2% Thursday, while in Hong Kong, the Hang Seng dropped 1.2%. Oil prices captured 22 cents to $72.47 U.S. a barrel. Gold prices hiked $24.50 to $2,960.60 U.S. an ounce.