Stock market today: Dow, S&P 500, Nasdaq futures hug flatline after Walmart warning sparks slide

US stock futures barely moved after the major indexes slumped following a weak earnings outlook from retail giant Walmart (WMT) during market hours.

Futures attached to the major gauges of the S&P 500 (ES=F), Nasdaq (NQ=F), and Dow Jones Industrial Average (YM=F) all hovered around the baseline.

President Donald Trump’s tariffs continue to leave retailers and consumers stumped by what will be impacted in the coming months. Walmart’s warning on its 2025 outlook sparked a broad market downturn on Thursday, and the company cited tariff uncertainty as one factor.

Walmart’s CFO told Yahoo Finance that price hikes for electronics and general merchandise would likely be passed onto the consumer if tariffs impact the retail giant’s bottom line.

Friday is a slow day for economic data releases, with little on the earnings menu. January’s existing home sales information will provide a glimpse into the housing market, while a reading on consumer sentiment is also due from the University of Michigan.

In individual movers, energy drink company Celsius Holdings (CELH) stock skyrocketed over 35% in after-hours trade after the company announced it would buy competitive drink maker Alani Nutrition for $1.8 billion.

Meanwhile, Dropbox (DBX) shares slipped over 6% in extended trading as the cloud storage company said customer growth slowed.

Meta (META) continues to make headlines in a record-setting year of gains. On Thursday it was reported that the tech giant is cutting equity awards for the majority of its employees. Stock options for staff at the social media giant will see a cut of around 10% for 2025.