Why Walmart Stock Sank Today

Tariffs are having an impact. Shares of Walmart (WMT -4.53%) fell 4.9% Thursday. The drop came as the S&P 500 lost 0.5% and the Nasdaq Composite lost 0.4% as investors await Federal Reserve Chair Jerome Powell's speech tomorrow. The retail giant reported its second-quarter earnings, which were somewhat mixed. The company delivered solid sales growth but missed on earnings. Same-store sales were up The top-line growth was a welcome sight for investors despite the margin and earnings impact. The key metric of ...