Wall Street slips as Walmart helps pull S&P 500 to another loss

NEW YORK (AP) — U.S. stock indexes lost ground. The S&P 500 fell 0.4% Thursday, its fifth straight modest loss since setting an all-time high last week.
The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite slipped 0.3%. Walmart fell after reporting a profit for the spring that came up short of analysts’ expectations, while Nvidia and other Big Tech stocks held a bit steadier following two days of sharp swings.
Treasury yields rose after a report forced traders to scale back hopes that the Federal Reserve may soon deliver relief by cutting interest rates.