Walmart Inc. reported increases in second-quarter profits and sales Thursday as it pulls in shoppers seeking low prices for groceries and other essentials to offset worries that new U.S. tariffs may make a variety of goods more expensive.

Shares of Walmart (WMT) fell 3% before the opening bell Thursday after the giant retailer reported fiscal 2026 second-quarter profit below expectation. The Bentonville, Ark.-based firm posted adjusted earnings per share of $0.

Walmart Inc. shares fell after profit missed expectations for the first time in three years, overshadowing higher sales.

The $100 level acted as support earlier in August. But since February, $100 has been a pretty strong resistance level. Now that WMT stock is below it once more, it is a worrying sign. Shares of Walmart rarely go on sale unless the market perceives a macro shock.

U.S. stocks are falling again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations. The S&P 500 fell 0.5% in early trading Thursday and was on track for a fifth straight modest loss since setting an all-time high last week.

Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates. The S&P 500 slipped 0.4%. All its losses have been relatively modest,

We’re keeping our prices as low as we can for as long as we can,” Walmart CEO Doug McMillon said in regard to the impact of tariffs.