Walmart profit warning hammers retail stocks
U.S. retailers tumbled on Tuesday after a forecast cut from industry bellwether Walmart Inc stoked fears of similar warnings from a sector struggling with the impact of high inflation on consumer spending. Online retailer Amazon dropped 3.4% in premarket trading, while Nike Inc fell 2.1%. Kroger, Best Buy, Costco, Target, TJX Companies and Home Depot […]
Walmart profit warning hammers retail stocks
U.S. retailers tumbled on Tuesday after a forecast cut from industry bellwether Walmart Inc stoked fears of similar warnings from a sector struggling with the impact of high inflation on consumer spending. Online retailer Amazon dropped 3.4% in premarket trading, while Nike Inc fell 2.1%. Kroger, Best Buy, Costco, Target, TJX Companies and Home Depot […]