Walmart's disappointing sales and Home Depot's strength among budget-conscious do-it-yourselfers indicate middle-class American consumers are growing more tightfisted, even as wealthier shoppers have kept supporting luxury brands like Ralph Lauren.
What’s News in Markets: Chip Stocks Clobbered, Retail Rotation, Moderna Makes History
WSJ Your Money Briefing discuss U.S. shoppers trading down as retail earnings show gains at Ross and BJ’s, with gas prices squeezing budgets and big-ticket home projects slowing