Walmart, retailer missed earnings
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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Why Walmart Stock Sank Today
Shares of Walmart (NYSE: WMT) fell 4.9% Thursday. The drop came as the S&P 500 lost 0.5% and the Nasdaq Composite lost 0.4% as investors await Federal Reserve Chair Jerome Powell's speech tomorrow.
U.S. stocks are slipping again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Households earning more than $100,000 made up 75% of the company’s market share gains in the fiscal third quarter, Walmart CEO Doug McMillon said on the company’s earnings call in November.
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Walmart sees customers flocking to its stores to find deals amid high prices and tariff fears
Walmart said its tariff-related price increases were limited to 10 percent and the company was absorbing the rest of the costs
Thursday, however, Walmart's (WMT) second-quarter earnings missed Wall Street estimates, and the shares slid 4.5% to $97.93. The tumble was felt broadly across the stock market. Walmart, which has a market capitalization of about $782 billion,
Follow all the latest U.S. market action for Thursday here to see if stocks can shrug off their latest rotation-based wobble as investors eye Walmart earnings and continue to eye Fed Chair Powell's speech on Friday.