American retail giants collectively fell after their financial report.

Walmart's stock price fell more than 5%, Costco fell over 2%, Target fell 1.7%, and Amazon and Macy's fell nearly 1%. Walmart's adjusted earnings per share for the second quarter were $0.68, lower than the market's expected $0.74. This is the first time in three years that they have fallen short of expectations. Increased insurance claims, legal fees, and restructuring costs were the main drag. Chief Financial Officer John David Reni stated in the financial report that costs related to tariffs are "continuing to rise."