Home » today » News » Walmart profit warning hits Wall Street Walmart profit warning hits Wall Street July 27, 2022 by world today news The New York Stock Exchange on Wall Street Wall Street got off to a stable start to a packed week. Investors are eagerly awaiting various quarterly figures from American companies and the Fed’s interest rate decision. – (Photo: AP) – – – – Frankfurt, New York A potential setback for the US economy from a slacking consumer spending mood is weighing on Wall Street. In addition, the forthcoming interest rate decision by the Fed fueled tension among investors. The US standard value index Dow Jones closed 0.7 percent lower on Tuesday at 31,761 points. The tech-heavy Nasdaq fell 1.9 percent to 11,562 points. The broad S&P 500 lost 1.2 percent to 3921 points. Walmart’s second profit warning within two months hit investor sentiment. “It’s no surprise,” said Eugenio Aleman, chief economist at wealth advisor Raymond James. With high inflation, consumers would become more selective in their consumption. “They reduce purchases of discretionary items in favor of essentials.” The reduced targets broke Walmart’s stock price down by almost eight percent. In their wake, the titles of other retailers such as Amazon, Macy’s or Target slipped by up to 7.2 percent. Read on now Get access to this and every other article in the Web and in our app free of charge for 4 weeks. – Continue – – Read on now Get access to this and every other article in the Web and in our app free of charge for 4 weeks. – Continue – – – – Related posts:60-Year-Old Man Assaulted and Robbed by Group of Youths, Who Took Cash in BrooklynInternational Cooperation Results in Neutralization of Gang Illegally Selling Ukrainian Artifacts in...Dubai strengthens its balance of luxury hotels with 2,251 rooms and apartments in 8 monthsNew York displays Jewish food specialties in the museumShare this:FacebookX Related LG Berlin, 28.12.2021 – 65 S 120/21 World of Warcraft: Wrath of the Lich King Remake Coming in September Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed. Search for: