Stocks slide as traders assess Walmart earnings, potential Iran conflict: Live updates

Stocks fell on Thursday, giving back some of the gains from the previous session, as investors weighed the latest quarterly results from Walmart and monitored simmering tensions between the U.S. and Iran.

The Dow Jones Industrial Average lost 264 points, or 0.5%. The S&P 500 slipped 0.3%, as did the Nasdaq Composite.

Walmart shares were marginally lower after the company’s full-year earnings outlook fell short of expectations. This overshadowed better-than-expected results for the fourth quarter.

Investors remained on edge as crude prices extended gains amid a standoff between Iran and the U.S. over the former’s nuclear program. President Donald Trump said Thursday that he’s going to determine whether to launch military strikes against the Middle Eastern country in the next 10 days.

Those on Wall Street also moved out of asset manager stocks after Blue Owl Capital announced it’s going to tighten investor liquidity following its sale of $1.4 billion in loan assets. That stock declined more than 8%, while others such as Blackstone and Apollo Global Management were down 6% and 5%, respectively.