Wall Street ticks lower as more earnings come in ahead of Fed Chair Powell's speech

Wall Street is ticking lower in premarket trading Thursday as investors perused Walmart's latest financial results ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech on Friday.

Futures for the S&P 500 turned 0.2% lower before the bell, while futures for the Dow Jones Industrial Average slid 0.3%. Nasdaq futures edged 0.1% lower.

Retail sector bellwether Walmart reported increases in second-quarter profits and sales Thursday as it continues to lure price-sensitive shoppers for groceries and other essentials despite a challenging tariff environment.

The nation’s largest retailer dipped 2.6% in premarket trading despite raising its annual profit and sales outlook . Walmart is among the first group of major U.S. retailers this week to report quarterly results that sh