Stocks Fall with Walmart’s Profit Warnings U.S. stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the U.S. out of a recession. The Dow Jones Industrials scaled back 77.35 points to kick off Tuesday at 31,912.69. The SP 500 gave back 24.33 points to 3,942.51. The NASDAQ tumbled 128.76 points, or 1.1%, to 11,653.90. Walmart said Monday that it cut its quarterly and full-year profit estimates because of rising food inflation. This alarmed investors who deliberated the implications for other retail stocks. The big-box retailer said higher prices are spurring consumers to pull back on general merchandise spending, particularly in apparel. Walmart plunged 8% Tuesday and dragged other retailers with it. Target and Kohl’s each dropped about 5%, while Amazon and Dollar General each fell 4%. Costco shed 3%. Elsewhere, General Motors fell 3.3% after the company missed earnings estimates, citing supply chain disruptions stemming from Russia’s war on Ukraine and global COVID lockdowns.