Wall Street Slumps as Tech Giants Stumble
Wall Street's main indexes opened lower on Thursday, ending a three-day winning streak for the S&P 500. Major technology stocks slipped, and shares of Walmart fluctuated after the company issued a conservative forecast. The Dow, S&P 500, and Nasdaq all experienced declines at the opening bell.
On Thursday, Wall Street's major indexes faced a downturn after enjoying a three-day winning streak, with the S&P 500 feeling the impact as heavyweight technology stocks faltered.
The Dow Jones Industrial Average decreased by 86.4 points, equating to a 0.17% drop, opening at 49,576.22. Meanwhile, the S&P 500 saw a decline of 20.0 points, or 0.29%, opening at 6,861.34.
Additionally, the Nasdaq Composite dropped a more significant 113.8 points, or 0.50%, starting the day at 22,639.875. Concurrently, Walmart's stock price fluctuated following its cautious financial outlook.
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