S&P 500, Dow hit closing record highs; Walmart, tech climb

Shares of Walmart climbed 3%, boosting to the S&P 500 and the Nasdaq, ‌where the retail giant ‌moved its stock listing last month from the NYSE. Consumer staples rose 1.4% and led sector gainers, while technology also increased. Walmart is set to join the Nasdaq-100 index ‌on January 20, a shift that could draw in billions of dollars from passive index funds. Stocks had opened lower on the news surrounding Powell. The Justice Department's threat of indictment, ostensibly focused on comments Powell made to ...