Wall Street retreated from its record after a sharp slide for Walmart weighed on U.S. stock indexes. The S&P 500 fell 0.4 percent Thursday after setting all-time highs in each of the last two days. The Dow Jones Industrial Average dropped 1 percent,
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#walmart / Page 6
A tariff warning from Walmart (WMT) this morning on its Q4 earnings report got the session off to a weak start.
But the two giants remain close and could trade leads over the quarters ahead ...
Walmart also reported lower quarterly revenue than Amazon for the first time ever.
Walmart held the top spot in quarterly sales for more than a decade.
The discounter has gained traction with upper-income shoppers with a larger online assortment and faster online options, like home deliveries.
Since 2012, Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil.
Bank stocks also fell. Markets have been hovering at all-time highs.
Wall Street retreated from its record after a sharp slide for Walmart weighed on U.S. stock indexes.
Wall Street retreated from its record after a sharp slide for Walmart weighed on U.S. stock indexes. The S&P 500 fell 0.4% Thursday after setting all-time highs in each of ...