Wall St dips as markets assess Trump's tariff threats; Walmart slides

[groundloop]

Source: Reuters

Wall Street's main indexes opened lower on Thursday as investors avoided risky bets after another bout of tariff threats from President Donald Trump, while heavyweight retailer Walmart plunged on a downbeat fiscal 2026 sales forecast.

Walmart (WMT.N), opens new tab slid 6.2% after the world's largest retailer forecast sales for the fiscal year ending January 2026 below estimates, as it anticipates inflation-weary consumers to pull back after several quarters of solid growth.

[snip]

Apart from Walmart, the market is reacting to Trump's Wednesday announcement of fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans involving duties on imported cars, semiconductors and pharmaceuticals.

Since returning to office four weeks ago, Trump has imposed an additional 10% tariff on all imports from China. He also announced, and then delayed for a month 25% tariffs on goods from Mexico and non-energy imports from Canada.

Read more: https://www.reuters.com/markets/us/futures-fall-markets-assess-tariffs-geopolitical-risks-2025-02-20/

[Keepthesoulalive]

1. Elect someone who bankrupted a casino

What do they expect. The man is a lizard brain idiot.

[NotHardly]

2. Walmart can f*ck right off & other billionaire f*ck companies

[wolfie001]

3. I'm in total "Save every penny" mode until that fat a-hole is outta the WH and a Democratic President returns

[twodogsbarking]

4. Not Fake News, despite what you may hear from youknowwho.

[ampm]

5. There plunging because they lost important programs

Like snaps for the big retailers and people of color who support them big-time and elders who are on food snap programs and shop these stores