Walmart becomes first retailer to reach $1 trillion market valuation
Walmart became the first retailer everto hit $1 trillion in market valuation on Tuesday, riding on ayear-long rally that has seen its shares rise nearly 26%.The latest milestone for the company came just two weeksafter Walmart replaced British drugmaker AstraZenecain the tech-focused Nasdaq-100 Index, home to themost valuable non-financial companies listed on the index.The Bentonville, Arkansas-based chain has cashed in onwealthier consumers choosing the convenience of fasterdeliveries and flocking ...