The Dow Jones Industrial Average was down 0.6%, or 310 points, in Thursday's early trading. Walmart was the worst performer in the Dow, but due to the index's weighting structure, it wasn't the biggest drag.

Dow Jones futures: Crude oil continues to climb while bitcoin jumped again amid a weak dollar. Walmart earnings are in focus.

In afternoon trading, the Dow Jones Industrial Average tumbled 605.14 points, or 1.1%, to 52,857.91. The S&P 500 lost 0.7%, and the Nasdaq Composite dropped more than 1%. Walmart shares fell 9% after it missed Wall Street expectations for quarterly comparable sales rising gasoline prices had shoppers reining in spending.

Behind declines for shares of Walmart and Sherwin-Williams Co., the Dow Jones Industrial Average is trading down Thursday morning.

Stock futures were little changed Thursday after major indexes advanced yesterday to snap three-session losing streaks. Meanwhile, bitcoin, oil prices, and Treasury yields rose.

Gold is on track for third consecutive weekly gain after the US Treasury's unexpected ramp-up in buybacks of government debt. Bullion was around $4,530 an ounce and was poised to end this week over 3% up.

The Nasdaq closed below its Aug. 4 follow-through day low, a highly bearish signal for the market rally. Walmart, SpaceX, CrowdStrike were big losers.

Dow futures slip, the S&P 500 is flat, and Nasdaq rises in premarket trading as the stock market bond rally falters.

The main U.S. indexes opened lower on Thursday as a rebound in government bond yields hurt sentiment, while retail bellwether Walmart's rare sales miss disappointed investors.