Walmart on Thursday forecast sales and profit for the current year below Wall Street estimates, citing the need for caution in navigating an uncertain geopolitical landscape.

Stocks tumbled from all-time highs Thursday in the wake of Walmart projecting a lower-than-expected sales outlook. The Dow Jones Industrial Average fell 450 points, or 1%. The S&P 500 declined 0.4%. The tech-heavy Nasdaq lost 0.5%. Bank stocks also fell significantly, with JPMorgan Chase and Goldman Sachs also closing down about 4%.

Walmart delivered another year of strong sales and profits, but executives expressed caution about an uncertain economic landscape.

NEW YORK — A sharp slide for Walmart on Thursday helped pull Wall Street off of its record. The Standard & Poor’s 500 slipped 0.4% for its first drop after setting all-time highs in each of the last two days. The Dow Jones industrial average lost 1%, and the Nasdaq composite sank 0.5%.

Walmart delivered another year of strong sales and profits as its competitive prices became a strong magnet for inflation-weary shoppers. Yet uncertainty about the state of the

Walmart delivered another strong quarter of profits and sales increases, as its low prices have increasingly become a magnet for inflation-weary shoppers looking for a deal, especially through the cri

Walmart topped earnings and revenue estimates for fiscal 2025's Q4, driven by strong e-commerce growth and operational efficiency.