Major indexes declined during the holiday-shortened week. Stocks initially rose, with the S&P 500 reaching record highs on Tuesday and Wednesday. However, sharp losses later in the week erased gains, leading to an overall decline. Market sentiment was influenced by geopolitical and tariff news, including President Trump’s efforts to address the Russia-Ukraine conflict and plans for new tariffs on various products. On Thursday, Walmart’s earnings report contributed to market weakness, as its cautious guidance raised concerns about consumer spending. Walmart shares fell 6.53% following the report, amplifying broader economic worries.
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Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.
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