The discounter has gained traction with upper-income shoppers with a larger online assortment and faster online options, like home deliveries.
Thursday saw a broad sell-off across the three major stock market averages, and some strategists and investors analyzed what could have caused the move.
Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.
Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
Stocks moved lower Thursday, a day after the S&P 500 hit a fresh all-time high, while retail giant Walmart slid after issuing a disappointing outlook.
These are some of the stocks posting the largest moves in midday trading.
Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.