Walmart became the first retailer to reach a $1 trillion market valuation, driven by a year-long share rally of nearly 26%.
The achievement comes just two weeks after Walmart joined the tech-focused Nasdaq-100 Index, replacing AstraZeneca.
Driving the news: The company’s performance is bolstered by wealthier consumers opting for faster delivery and shopping discretionary categories like apparel and furniture.
- U.S. households have faced financial pressure from persistent inflation and a cooling job market.
- Tariffs and uncertainties from the recent U.S. government shutdown have contributed to strained consumer spending.
Zoom in: Despite challenging economic conditions, Walmart’s stock has outpaced the broader S&P 500’s 16% gain over the same period.
