Friday, August 21
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Personal Finance Mortgage rates slip to 6.65%, but borrowers still pay more than a year agoTech Nevada clears 8,000 robotaxis for Las Vegas, and Tesla says it will not fill its shareEconomy Evergrande's founder gets life in prison as China closes the book on its property bustCompanies Samsung is set to hand back more than $70 billion as AI memory profits pile upMarkets Walmart's slowest US sales growth in six years knocks 703 points off the DowCrypto Bitcoin tops $75,000 as a $3 billion short squeeze meets the Treasury's bond buybacksCrypto Webull's record quarter shows retail traders want options, not cryptoTech Micron's $50 billion bet is turning Boise into a chip townPersonal Finance Mortgage rates slip to 6.65%, but borrowers still pay more than a year agoTech Nevada clears 8,000 robotaxis for Las Vegas, and Tesla says it will not fill its shareEconomy Evergrande's founder gets life in prison as China closes the book on its property bustCompanies Samsung is set to hand back more than $70 billion as AI memory profits pile upMarkets Walmart's slowest US sales growth in six years knocks 703 points off the DowCrypto Bitcoin tops $75,000 as a $3 billion short squeeze meets the Treasury's bond buybacksCrypto Webull's record quarter shows retail traders want options, not cryptoTech Micron's $50 billion bet is turning Boise into a chip town

Topic: us-equities

The exterior of a Walmart store in Pittsburgh
New Markets
Friday, 8/21, 12:52 AM

Walmart's slowest US sales growth in six years knocks 703 points off the Dow

  • Walmart beat Wall Street on revenue and earnings and still lost about 9% of its market value, because the one number investors care most about, US same-store sales, grew 2.6% against expectations of 3.8%.
  • The Dow Jones Industrial Average closed 703.84 points lower at 52,759.21 as the retailer's warning about cautious shoppers met a fresh rise in Treasury yields.

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