This is TheStreet's Stock Market Today for Aug. 21, 2025. The stock market is now open. You can follow along all day with today's biggest updates here on our daily live blog. This morning stocks are trending to the downside after Walmart reported earnings and economic data has disappointed.

Walmart Inc. is among the S&P 500 index’s biggest decliners Thursday after the discount-retail giant reported second-quarter profits that missed Wall Street expectations. However, the Bentonville, Ark.

Shares of Walmart (NYSE: WMT) fell 4.9% Thursday. The drop came as the S&P 500 lost 0.5% and the Nasdaq Composite lost 0.4% as investors await Federal Reserve Chair Jerome Powell's speech tomorrow.

Walmart stock came under pressure after the results showed the company reported adjusted earnings per share of $0.68, below the $0.74 the Street had forecast. This was the first quarterly earnings miss since May 2022 after the company said it incurred one-time charges related to legal matters and restructuring in the quarter.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

U.S. equities fell at midday as weekly jobless claims were above expectations and Walmart warned about cost for tariffs.

Walmart said its tariff-related price increases were limited to 10 percent and the company was absorbing the rest of the costs

Follow all the latest U.S. market action for Thursday here to see if stocks can shrug off their latest rotation-based wobble as investors eye Walmart earnings and continue to eye Fed Chair Powell's speech on Friday.

Retail giant Walmart is slated to report second-quarter earnings before markets open on Thursday, and investors see potential for shares to approach a record high in the days following.