This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. My spin class soundtrack of mainly Kesha's music last night was more evidence that the 2016 aesthetic is back. Stock futures are lower this morning. The three major indexes are coming off a winning session. Here are five key things investors need to know to start the trading day:
1. Price cut
A Walmart store is seen on February 03, 2026 in Austin, Texas. Brandon Bell | Getty Images
Shares of Walmart slid more than 2% in premarket trading this morning after the company's guidance for the current fiscal year came in softer than anticipated. Here's what to know: The nation's largest grocer and private employer narrowly exceeded Wall Street's expectations on both lines for the fourth quarter.
Walmart said to expect adjusted earnings per share for the full fiscal year between $2.75 and $2.85, below Wall Street's forecast of $2.96 per share.
As CNBC's Melissa Repko reports, the results come as investors focus on Walmart's future under new CEO John Furner, who took the helm earlier this month.
Walmart's stock has been on a big run: Shares have risen more than 21% over the last 12 months and nearly 175% in the last half decade. Earlier this month, the company hit $1 trillion in market cap.
Fellow retailer Wayfair posting its first annual sales gain since 2020.
posting its first annual sales gain since 2020. Meanwhile Etsy selling clothing resale service Depop to eBay
selling clothing resale service Depop to Follow live markets updates here.
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