The Dow Jones Industrial Average lost 450 points, or 1%, and the Nasdaq composite sank 0.5%. Walmart drove the market lower after falling 6.5%, even though the retailer reported stronger profit for the latest quarter than analysts expected.

Walmart helped drive the market lower after falling 6.2%, even though the retailer reported stronger profit for the latest quarter than analysts expected. The Bentonville, Arkansas-based giant gave a forecast for upcoming profit that fell short of analysts’ expectations as shoppers across the country deal with still-high inflation and the threat of tariffs from President Donald Trump.