U.S. stocks fall as Walmart and Moderna shares slump

U.S. stocks fell, with the Dow Jones Industrial Average down nearly 700 points, or more than 1%, while the S&P 500 declined 0.9% and the Nasdaq Composite lost 1%. Walmart shares dropped 9% after the retailer reported its smallest sales gain in more than six years, citing cautious consumer spending, particularly at physical stores. Moderna fell 24% after surging 177% the previous day, its biggest one-day gain in the S&P 500 in 25 years. The existing Aug. 21 record cited different index moves—Dow down 1.24%, Nasdaq down 0.83% and S&P 500 down 0.84%—and said Coinbase rose 5.80% while Robinhood fell 1.95%, so the market figures remain discrepant between the two reports.

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