Stocks Tumble as Walmart's Warning Sends Dow Jones Falling

The Dow Jones Industrial Average fell 0.1% due to cautionary outlook from Walmart and slowing order growth for Cisco Systems. However, the S&P 500 and Nasdaq closed slightly higher. Crude oil prices dropped nearly 5% amid concerns of slowing global demand. Microsoft rose as it announced new AI accelerator chip and Cobalt chip. Alibaba shares fell 9% after the company said it would not spin off its cloud business. Macy's stock rose over 5% despite declining sales. General Electric and Williams-Sonoma broke out of their respective bases. Google parent Alphabet is nearing a buy point.