US Stocks Face Longest Slump of 2025 as Decline Stretches On
US stocks are on track to record their longest decline in 2025, following Walmart's sell-off,
Quick overview
- US stocks are experiencing their longest decline in 2025, with a fifth consecutive day of losses following Walmart's profit miss.
- The S&P 500 Index fell 0.7%, led by declines in consumer discretionary and staples sectors, while Walmart's stock dropped 5%.
- Unemployment claims rose to their highest level since June, despite increases in existing home sales and manufacturing growth.
- Yields on two-year Treasuries increased as major indexes were negatively impacted by declines in megacap tech stocks.
US stocks are on track to record their longest decline in 2025, following Walmart’s sell-off, with a fifth consecutive day of losses. revealed a rare profit miss, unemployment claims increased slightly, and a Fed official downplayed the necessity of a short-term interest rate cut.
The S&P 500 Index had dropped 0.7 percent in New York on Thursday, with the consumer discretionary and staples sectors leading the way. The largest retailer in the world, Walmart, saw a 5% decline in its stock after its profits missed forecasts for the first time in three years.
There was a 0.8 percent decline in the Nasdaq 100 Index. There was a 0.6 percent decline in the blue-chip Dow Jones Industrial Index.
According to official data, the number of US unemployment benefit applications increased to its highest level since June. At the same time, existing home sales increased, and US manufacturing grew at its fastest rate in three years.
The maturity most susceptible to changes in Fed policy expectations, two-year Treasuries, saw an increase in yields. Megacap tech stocks have caused major indexes to plummet.
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