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Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Walmart (WMT) after reporting its plans to raise prices over US tariffs, and the massive momentum behind shares of Foot Locker (FL) after sports retailer Dick's Sporting Goods (DKS) announced its $2.4 billion deal to acquire the footwear chain.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's market minute stocks lower. The S&P 500 on pace to snap a three-day rally as euphoria trades around trade talks wane. Well, the latest retail sales data showed consumer spending slowed in April amid tariff uncertainty. Walmart shares falling as well this morning after reporting mixed first quarter results, the retailer missing revenue estimates and withholding Q2 earnings guidance while topping Q1 earnings and US same-store sales estimates. Walmart says it will raise consumer prices as it is unable to fully absorb the shock of rising costs from President Trump's tariffs.
And Foot Locker shares surging on news that Dick's Sporting Goods is buying the shoe retailer for $2.4 billion. The acquisition gives Dick's international exposure as the company faces a tough demand landscape in the US. Shares of dicks are lower. TD Cowen analysts downgrading the stock calling the deal a strategic mistake.
And that is your Yahoo Finance market minute.
