Walmart stock slides
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Walmart Inc (NYSE: WMT) shares down on Friday after missing earnings estimates but reporting strong sales and raising outlook. Analysts remain bullish, citing profitable growth, ecommerce increase, and potential for margin expansion.
Walmart's results WMT.N on Thursday show U.S. consumers across the spectrum are still flocking to the retailer's stores despite economic headwinds, but shares dipped as the company's margins ebbed and inventory costs rose.
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Walmart stock falls after earnings, profit outlook misses forecasts as US sales growth accelerates
Walmart's US sales rose more than forecast as shoppers continued to look for value, but a disappointing outlook weighed on the stock.
The Dow Jones Industrial Average was back in the green again following choppy trading on Wednesday, with shares of Travelers Cos. Inc. and Walmart Inc. contributing the most to the index's rise. The Dow was up 83 points,
Live Updates Live Coverage Has Ended Friday Wrap-up 4:10 pm The Vanguard S&P 500 ETF closed at 593.22 Friday, up 1.5% for the day but only 0.3% for the week. Walmart Can Still Win, Too 11:55 am Investment bank Truist lowered its price target on S&P 500 component Walmart (NYSE: WMT) stock to $109 after
U.S. equities fell at midday as weekly jobless claims were above expectations and Walmart warned about cost for tariffs.
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.
President Trump's tariffs continue to affect global markets and the economy. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.