Follow all the latest U.S. market action for Thursday as Walmart shares slide and the S&P 500 retreats after tallying back-to-back record highs.

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.

A sharp slide for Walmart on Thursday helped pull Wall Street off of its record. The Standard & Poor's 500 slipped 0.4% for its first drop after setting all-time highs in each of the last two days. The Dow Jones industrial average lost 1%,