REUTERS: U.S. stocks dipped on Thursday, weighed down by technology shares after Cisco's weak forecast raised worries of a slowdown in global economic growth, overshadowing strong results from big box retailer Walmart.
Walmart Inc posted robust same-store sales growth and profit, while also raising its full-year earnings forecast. Shares were last up 0.1per cent, after hitting a record high earlier in the session. Hopes of a resolution to the trade dispute as well as a largely upbeat corporate earnings season have spurred Wall Street to record highs this month, but President Donald Trump recently tempered expectations with the threat of more tariffs if China failed to reach a deal.
Dillard's Inc jumped 13.6per cent as the department store chain beat quarterly comparable-store sales estimates.