US Stocks Edge Lower on Walmart Earnings Outlook
US stock futures retraced losses after major indices slipped on Thursday following a downbeat earnings forecast from retail behemoth Walmart (WMT).
S&P 500 (ES=F), Nasdaq (NQ=F), and Dow Jones Industrial Average (YM=F) futures traded near baseline.
President Trump's tariffs continue to weigh on retailers and consumers, with Walmart citing tariff uncertainty as a factor in its tempered outlook.
Friday sees limited economic data and earnings releases. Existing home sales figures for January will offer insight into the housing market, while the University of Michigan consumer sentiment index is also scheduled for release.
In individual movers, Celsius Holdings (CELH) surged over 35% after-hours on news of its acquisition of Alani Nutrition for $1.8 billion. Dropbox (DBX) shares declined over 6% in extended trading as the company reported slower customer growth.
Meta (META) remains in the spotlight, with reports that the tech giant is cutting equity awards for most employees by approximately 10%.