Futures fall after Walmart warning spooks retail stocks
Walmart Inc's (WMT.N) shares slumped 9.1% in premarket trading, while Target (TGT.N) and Amazon.com (AMZN.O) fell 5%, souring the mood as some of America's biggest companies report in what is set to be the busiest week of the earnings season.
Along with high inflation, a stronger dollar is also expected to pressure earnings of companies with sprawling global operations.
In other data, the Conference Board is expected to show its consumer confidence index likely dropped 97.2 in July from 98.7 in the prior month.
kitco.com
Hobbled by chip, other shortages, GM profit slides 40% in Q2
Edited by Rogerdodger, 26 July 2022 - 08:52 AM.