03:54 PM EST, 02/20/2025 (MT Newswires) -- US benchmark equity indexes fell ahead of Thursday's close as markets evaluated the latest corporate earnings, including a weak outlook from Walmart ( WMT ) .

The Dow Jones Industrial Average dropped 1.1% to 44,133.4, while the Nasdaq Composite fell 0.6% to 19,928.9. The S&P 500 shed 0.5% to 6,111.2. Among sectors, financials posted the steepest decline, while energy led the gainers.

Walmart ( WMT ) shares dropped 6.2% after the retail giant issued a full-year earnings outlook below market estimates amid uncertain consumer behavior and geopolitical conditions.

Hasbro ( HAS ) shares surged 13% after the toymaker posted a surprise increase in Q4 profit and outlined plans for $1 billion in cost savings.

The 10-year US Treasury yield fell 3.2 basis points to 4.50%, while the two-year rate was little changed at 4.27%.

West Texas Intermediate crude oil was up 0.4% at $72.53 a barrel.