Wall Street experienced its worst trading session in three weeks on Thursday.
The Dow Jones Industrial Average dropped 1.3% as rising bond yields pressured markets.
Walmart shares tumbled 9.5%, marking their steepest decline since 2022.
The retailer reported its slowest sales growth in six years, raising concerns about consumer health.
More context
Treasury yields climbed despite Secretary Scott Bessent announcing increased bond buybacks.
Initial market reprieves from the Treasury's intervention proved to be temporary.
National debt has officially surpassed $40 trillion, according to recent reports.
Geopolitical tensions rose as the administration threatened unprecedented sanctions on Iran.
Officials vowed to pursue the total economic collapse of the Iranian regime.
The S&P 500 and Nasdaq also closed in the red alongside the Dow's decline.
Oil prices extended their rally while bond markets remained volatile.
Rising borrowing costs continue to rattle investor confidence across major sectors.