Wall Street is retreating from its record as a slide for Walmart weighs on U.S. stock indexes Thursday. The S&P 500 was down 0.6% in morning trading after setting all-time highs in each of the last two days.

Wall Street held relatively firm following President Donald Trump’s latest tariff escalation and after the Federal Reserve hinted interest rates may not change for a while.

U.S. stocks are falling sharply after reports showed worries about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 fell 1.3% Friday. The Dow Jones Industrial