US markets fall on interest rate jitters but Walmart soars
(Close): Jitters over the prospect of a June interest rate rise undermined sentiment on US stock markets.
US share indexes closed lower but Walmart jumped 10% after the retail giant's first quarter results beat expectations.
The tech-based Nasdaq index fell 26.59 points to 4,712.53.
Walmart shares rose despite the company reporting a fall in first quarter profit to $3.08bn, from $3.34bn a year earlier.
The fall was due to the cost of increasing its minimum wage to $10 an hour and investment in new warehouses.
But investors welcomed news that sales at Walmart's US stores open for at least a year were up 1%, almost double the pace forecast by analysts.