The Three Major U.S. Stock Indexes Opened Lower; Walmart Tumbled More Than 8% Post‑Earnings

Tiger Newspress08-20 21:33

U.S. stocks fell on Thursday as Treasury yields reversed course from the decline seen in the prior trading day following the Treasury Department’s debt buyback announcement.

Bond yields advanced on Thursday, climbing back from Wednesday’s slide after the Treasury Department said it will at least double repurchases of 10-, 20- and 30-year debt in the next few months. That comes after the 30-year Treasury bond yield spiked to its highest level in nearly 20 years earlier this week.

A pullback in Walmart shares hit the broader market as well. The retail giant dropped 8% after its U.S. comparable sales missed analyst expectations, as did its adjusted earnings forecast for both the third quarter and the full year.

Alibaba Fell 5%, and SK Hynix Rose Nearly 5%.

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