US stock futures remained largely unchanged after suffering a downturn triggered by Walmart’s concerning earnings forecast. Yahoo Finance reported that futures for the S&P 500, Nasdaq, and Dow Jones Industrial Average hovered near the break-even line after being hit by broader market volatility. The market remains on edge as President Trump’s continuing tariffs cast uncertainty over retailers and consumers, impacting future forecasts.

Read also: US Stock Markets React to January Inflation Data

Walmart’s Tariff Concerns

Walmart’s warning about its 2025 outlook cited tariff uncertainty as a major challenge, leading to fears of potential price hikes for consumer electronics and general merchandise. The retail giant’s CFO noted these tariffs could erode profitability, with the costs likely passed down to consumers. Meanwhile, data from IndexBox shows Walmart’s share of the US retail market could face pressure amid these tariffs, as competition in the sector intensifies.

Market Activity and Economic Indicators

Friday is expected to bring limited economic data, with particular attention on January’s existing home sales and consumer sentiment readings from the University of Michigan. These indicators will offer insights into market trends and consumer confidence levels, crucial for understanding economic dynamics in the current climate.

In corporate news, Celsius Holdings made a significant leap with its stock surging over 35% after announcing the acquisition of Alani Nutrition for $1.8 billion. Conversely, Dropbox’s shares dipped over 6%, attributed to a slowdown in customer growth. Meanwhile, Meta is scaling back equity awards by around 10% as part of its strategic employee compensation adjustments.

Source: IndexBox Market Intelligence Platform