Stocks Slip Before the Open as Bond Rout Resumes; Walmart Sinks After Earnings

Stock markets experienced a decline before the opening session as a bond rout resumed. This downward trend was driven by soaring crude prices, which pushed bond yields higher. Among the affected companies, Walmart saw its shares sink following the release of its earnings report. The overall market sentiment reflects a reaction to rising energy costs and the volatility within the bond market, leading to a general slip in equity valuations across the board.