Wall Street regains lost ground as trade optimism offsets bleak retail data [Reuters]
Walmart Inc. (WMT)
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Source: Reuters
Wall Street regains lost ground as trade optimism offsets bleak retail data | Reuters 3 Min Read (Reuters) - U.S. stocks recovered from declines triggered by bleak retail data to trade flat on Thursday, as investors focused on signs of progress in the ongoing U.S.-China trade talks. A surprise 1.2 percent fall in retail sales in December, the largest drop since September 2009, suggested a sharp slowdown in economic activity at the end of 2018. The data dragged down consumer staples as well as the financials sector, which was hit by a jump in expectations that the Federal Reserve would cut key lending rates by the end of the year. “The data was much worse than expectations...It is creating a risk to outlook from some of these companies in more cyclical areas like retail,” said Hugo Rogers, chief investment strategist at Deltec in Nassau, Bahamas. The numbers came ahead of earnings from big box retailers such as Walmart Inc next week, and PepsiCo Inc due on Friday. Coca-Cola Co tumbled
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WMT
Earnings
- 2/20/24 - Beat
WMT
Sec Filings
- 3/28/24 - Form 8-K
- 3/27/24 - Form 144
- 3/27/24 - Form PX14A6G
- WMT's page on the SEC website