Wall Street opens lower as Walmart warning rattles retail stocks

MacDailyNews
Jul 26, 2022, 9:31 am282 pts
Wall Street’s major indexes fell at the open on Tuesday after Walmart’s profit warning heightened fears in the retail sector that consumers were cutting back on discretionary spending in the face of rampant, decades-high inflation. Reuters: Walmart Inc’s shares slumped 9.5% in premarket trading, while Target…

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