Wall Street is sliding toward losses in premarket trading after Walmart, the nation’s biggest retailer and a bellwether for the health of the American consumer, gave a disappointing 2025 forecast.

U.S. stocks are slipping after a report suggested U.S. consumers are bracing for higher inflation, while a separate update gave a mixed picture of the job market. The S&P 500

Walmart delivered another year of strong sales and profits, but executives expressed caution about an uncertain economic landscape.