U.S. Stocks Retreat as Walmart Earnings and Iran Tensions Weigh on Sentiment

U.S. equities traded lower on Thursday as investors reacted to Walmart’s earnings and rising geopolitical concerns surrounding a potential Iran conflict. The Dow Jones Industrial Average fell 332.64 points (-0.67%) to 49,330.02, while the S&P 500 declined 33.12 points (-0.48%) to 6,848.19. The Nasdaq Composite dropped 126.52 points (-0.56%) to 22,627.11.

The pullback reflects a cautious shift in sentiment, with traders reassessing corporate outlooks and geopolitical risks. While the decline remains controlled, risk appetite has clearly softened compared to earlier sessions.

Dow Jones Industrial Average (INDU)

DJIA index turn lower again, below yesterday’s low. It might attempt to break below the latest swing low and target EMA 100 also the trend line. Overall, the direction continues to be bullish, but a pullback is welcomed. Traders will maintain bullish outlook until there is shift in the overall structure from bullish to bearish.

GameStop Corporation (GME)

GME share prices has reclaimed the EMA 200 and currently trade near it to test whether it could continue upward. We might see consolidation near the EMA 200 where a bounce is expected. However, if the share prices continue moving lower, then the trend line will become the support level to watch. On the upside, there is a bearish trend line which will halt the share prices from moving further upside.

If the trend line broken to the upside, then $26.00 is the resistance level.