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Walmart stock tumbles 9% after outlook disappoints Wall Street
- Walmart's U.S. same-store sales grew 2.6% in the fiscal second quarter, below the 3.8% forecast by analysts at LSEG.
- The company provided a worse outlook than Wall Street expected due to high gas prices and lower consumer confidence.
- Walmart's shares fell 9.6% after the earnings report, signaling investor disappointment.
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8 Articles
Wall Street sinks as bond yields rise, Walmart results disappoint
The three main U.S. equity indexes closed lower on Thursday as rising Treasury yields dented risk appetite, disappointing results from retail bellwether Walmart soured investors on the consumer sector...
Coverage Details
Total News Sources8
Leaning Left3Leaning Right1Center3Last Updated43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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