Stock futures fell on Thursday, giving back some of the gains from the previous session, as a disappointing outlook from Walmart weighed on sentiment along with simmering tensions between the U.S. and Iran. Futures tied to the Dow Jones Industrial Average lost 130 points, or 0.3%. S&P 500 futures slipped 0.3%, while Nasdaq 100 futures dropped 0.4%. Walmart shares traded 3% lower after the company’s full-year earnings outlook fell short of expectations. This overshadowed better-than-expected fourth-quarter results for the fourth quarter. Traders also remained on edge as crude prices extended gains amid a standoff between Iran and the U.S. over the former’s nuclear program. West Texas Intermediate futures on Thursday rose more than 1% to trade above $66 per barrel. Wall Street is coming off a winning session, buoyed by gains across the “Magnificent Seven” technology stocks and strength in financials and energy names. “A rebound in mega‑cap stocks, along with a pause in the rotation and broadening theme that has defined market performance this year, would not be surprising in the weeks ahead,” said Edward Jones senior global investment strategist Angelo Kourkafas. “Selling has been broad and indiscriminate, and in some cases, valuations may already reflect a substantial degree of disruption risk relative to current fundamentals,” he added. To be sure, Kourkafas said that even as pessimism in the tech sector has likely become overstated, the prospect of the group “regaining sustainable leadership remains doubtful” as the macroeconomic environment continues to favor cyclical stocks. U.S. Treasury yields continued to move higher on Thursday as investors reacted to better-than-expected economic data and looked ahead to a key inflation report. The 10-year Treasury yield rose more than 2 basis points to 4.102%, as did the 30-year Treasury bond yield to 4.728%. The 2-year Treasury note yield was more than 1 basis point higher at 3.476%. South Korea’s Kospi hit a fresh record high Thursday, as the region tracked gains on Wall Street and several bourses in Asia resumed trading after the Lunar New Year holiday. The Kospi index jumped more than 3% to a fresh record high, closing at 5,677.25, with index heavyweights Samsung Electronics and SK Hynix up 4.86% and 1.59%, respectively. The small-cap Kosdaq advanced nearly 5% to end the trading day at 1,160.71. Australia’s S&P/ASX 200 rose 0.88% to close at 9,086.2. Japan’s Nikkei 225 added 0.57% to 57,467.83, while the Topix rose 1.18% to 3,852.09. Hong Kong and mainland China markets remain closed for the Lunar New Year break. Oil prices ⁠rose on Thursday as the U.S. and Iran attempted to ease a standoff in talks over Tehran’s nuclear program while ​both sides heightened military activity in ​the key oil-producing region. Brent futures ​climbed 78 cents, or 1.1% to $71.14 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 83 cents, or 1.3%, to trade at $66.02 a barrel. Both benchmarks settled more than 4% higher on Wednesday, posting their highest settlements ⁠since ‌January 30, as traders priced in potential supply disruptions amid concerns ⁠of U.S.-Iran conflict. Gold prices extended gains on Thursday ​after rising more ​than 2% in the ​previous session, as lingering tensions between the United States and Iran prompted a flight to safety, while investors evaluated the Federal Reserve’s monetary policy path. Spot gold rose 0.1% to $4,984.94 ⁠per ‌ounce. U.S. gold futures for ⁠April delivery were down 0.1% at $5,005.60. “Geopolitical concerns are front and centre with reports that if the U.S. were to take military action against Iran, it could go on for several weeks,” said Jamie ‌Dutta, market analyst at Nemo.money.