Wall Street: Walmart Disappoints, U.S. Consumers Cautious
US sales at retail giant Walmart slowed significantly compared to the previous quarter. But other retailers are also under pressure.
US retail sales are showing signs of weakness, with Walmart reporting a slowdown in comparable US sales despite a 6% increase in overall sales. The company's cautious outlook and decline in general consumer goods sales have raised concerns. Other retailers, including Advance Auto Parts, JD Sports, Lowe's, and TJX, have also reported disappointing sales or lowered their annual forecasts, citing factors such as tighter household budgets and aggressive discounts. The 30-year US bond yield rose to 5.23%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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