S&P500 Forecast: Long Yields Return as Walmart Hits the Dow

U.S. equities weakened as long-term Treasury yields rebounded, reversing the brief relief from Treasury’s larger buyback plan. The S&P 500, Dow, and Nasdaq all moved lower, with the Dow down about 350 points as investors refocused on higher borrowing costs, persistent inflation pressure, and limited policy easing. Technical damage increased as each index formed lower short-term tops and slipped toward key 50-day moving averages. Walmart was a major drag after falling more than 8% on softer U.S. comparable sales and cautious guidance, reinforcing concerns that consumers are still spending but feeling more pressure from fuel and food costs. By contrast, crypto markets rallied on policy optimism, with Bitcoin above $71,000 on hopes for the Clarity Act. Overall, the article frames the market as split between bond-market stress, consumer caution, and selective risk appetite in crypto.