Wall Street is sliding toward losses in premarket trading after Walmart, the nation’s biggest retailer and a bellwether for the health of the American consumer, gave a disappointing 2025 forecast.

Wall Street is retreating from its record as a slide for Walmart weighs on U.S. stock indexes Thursday. The S&P 500 was down 0.6% in morning trading after setting all-time highs in each of the last two days.

A slide for Walmart is hemming in Wall Street, and U.S. stock indexes are edging back from an all-time high. The S&P 500 slipped 0.2% in early Thursday trading after