US Stocks Sink as Yields Surge, Walmart and Advance Auto Parts Disappoint

The US stock market suffered losses on Thursday, led by Treasury yields surging to new heights. The Dow Jones Industrial Average plummeted 1.3% to 52,759 after a disappointing round of retail earnings and rising bond yields weighed on investor sentiment.

Walmart (WMT) was the worst performer among Dow stocks, sinking 9.2%, its worst day since May 16, 2022, despite reporting better-than-expected fiscal 2027 second-quarter earnings. The company's same-store sales growth of 2.6% fell short of Wall Street expectations.

Advance Auto Parts (AAP) also sold off sharply, falling 24.6%, after its own disappointing earnings report and guidance. In contrast, Deere (DE) jumped 6.9% as the farm equipment manufacturer reported strong fiscal third-quarter earnings and raised its full-year net income forecast.