Walmart raised its financial forecasts for the fiscal year, but the stock fell in premarket trading Thursday after the huger retailer’s earnings fell slightly short of Wall Street’s expectations.Revenue for the quarter ended Aug.

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.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

U.S. stocks are slipping again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations.

Shares of Walmart (NYSE: WMT) fell 4.9% Thursday. The drop came as the S&P 500 lost 0.5% and the Nasdaq Composite lost 0.4% as investors await Federal Reserve Chair Jerome Powell's speech tomorrow.

Today's drop has WMT on track to snap a three-day win streak. The shares are also falling back below the $100 level, which provided resistance for most of this year. Year-to-date, the equity is still up 8.6%.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Stocks opened lower Thursday, under pressure after a larger-than-expected rise in first-time unemployment claims and disappointing results from Walmart that saw the retail behemoth and Dow component miss Wall Street profit expectations.

Retail giant Walmart is slated to report second-quarter earnings before markets open on Thursday, and investors see potential for shares to approach a record high in the days following.

Walmart offers a quarterly dividend amount of 23 cents per share. To earn $500 monthly, start with the yearly target of $6,000.

Walmart said its tariff-related price increases were limited to 10 percent and the company was absorbing the rest of the costs

Thursday, however, Walmart's (WMT) second-quarter earnings missed Wall Street estimates, and the shares slid 4.5% to $97.93. The tumble was felt broadly across the stock market. Walmart, which has a market capitalization of about $782 billion,