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.

U.S. stock indexes are wavering on Wall Street Wednesday. The S&P 500 was mostly unchanged, a day after setting an all-time high. The Dow Jones Industrial Average was down 122 points, or 0.3%, as of 12:18 p.