US Stock Market Reports Mixed Performance Amidst Corporate Updates and Oil Price Decline

US Stock Market Reports Mixed Performance Amidst Corporate Updates and Oil Price Decline

On Thursday, the US stock market exhibited a mixed performance following a robust mid-week rally, with investors absorbing updates from corporate America indicating a potential slowdown in consumer spending and a dip in oil prices to a four-month low.

The Dow Jones Industrial Average (^DJI) experienced a marginal decrease of approximately 0.1%, while the Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) both saw modest gains of around 0.1%.

Walmart (WMT) released quarterly earnings that surpassed expectations and revised its annual outlook, albeit slightly below anticipated figures. This led to an approximately 8% drop in its share value.

On the other hand, Macy’s (M) shares surged by over 5% as the department store exceeded profit expectations, benefiting from improved freight costs.

Simultaneously, West Texas Intermediate crude oil (CL=F) witnessed a nearly 5% decline, reaching just below $73 per barrel, marking its lowest point in nearly four months.

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