Wall Street steadied on Friday after most stock indexes fell on Thursday, with the S&P500 and Nasdaq down 0.43% and 0.47% respectively, while the Dow Jones fell 1.01%.
The decline was driven by a drop in Walmart shares, which was driven by weak financial expectations that have investors worried about a slowing economy.
As Walmart is a major retailer, its performance often reflects consumer spending trends. If Walmart struggles, it means consumer spending is slowing, which could be a sign of an economic slowdown.
Other retail stocks were also hit by Walmart's weakness, with Target and Costco down 2% and 2.6% respectively.
The potential risk of budget cuts by the Pentagon and a share sale by Palantir CEO sent the company's shares plunging 5.2%.
However, a strong earnings report by Celsius Holdings sent the company's shares up 34%.
US PMI data will be watched to gauge whether business is in good shape or not.
