Earlier in the day, in its second quarter earnings report, U.S. retail giant Wal-Mart said earnings per share came in at USD1.24, below expectations for earnings of USD1.25 per share.
The company's second quarter revenue totaled USD116.95 billion, missing forecasts for revenue of USD118.48 billion.
The disappointing results prompted the company to cut its full-year earnings outlook.
Wal-Mart forecast third quarter earnings per share in a range between USD1.11 and USD1.16, compared to expectations of USD1.17 per share.
For the full-year, the retailer expects earnings per share in a range between USD5.10 and USD5.30, down from a previous estimate between USD5.20 to USD5.40 per share.
Following the release of the report, Wal-Mart shares declined 3% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures pointed to a loss of 0.4% at the open, S&P 500 futures dipped 0.4%, while the Nasdaq 100 futures indicated a decline of 0.5% at the open.
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