Epam Systems Leads Losses as Stocks Fall on Walmart Weakness | Global News Avenue

After reaching the record The past two meetingsthe S&P 500 took a step back Thursday.

The S&P 500 fell 0.4%, while the Dow Jones industrial average fell 1.0%, and Nasdaq shares fell 0.5%.

Walmart (WMTStocks fell 6.5% after retailers forecast Revenue growth is slow More analysts expected. Competitor Amazon Stocks (Amzn) and goal (TGT) is also lower.

However, Wal-Mart did not experience the biggest decline in the S&P 500. EPAM Systems (EPAM Systems)EPAM) The stock fell 12.8% after its earnings report, including weak guidance. Like Wal-Mart, the Pennsylvania-based company reported better quarterly financial firms than expected. Nevertheless, its quarterly and full-year outlook for its earnings per share is still unestimated, raising questions about the company’s growth potential.

Axon Enterprises, a law enforcement equipment company (Axons) Taser Maker fell for the second straight session, down 8.7%.

Royal Caribbean Cruise (RCL) fell 7.6%, and other cruise ships Also turned away after comments from newly confirmed Commerce Secretary Howard Lutnick. Passengers may pay U.S. taxes, he said. Carnival (CCL) fell by nearly 5.9% and Norwegian Parade Line (NLH) fell by 4.9%.

Hasbro (have) is the largest earner of the S&P 500, with its shares increasing by 13.0% after that Toy manufacturers release quarterly results This is better than analysts’ estimates. Transformers Maker also expects revenue to continue to grow in 2025 and says it will adjust its strategy to focus on attracting fans online.

Medical equipment manufacturer Baxter International (BAXIn its overexpected earnings report, Hurricane Helen’s damage at the North Carolina plant was not as severe as initially expected, so it rose 8.5%.