Grim news from Walmart sends US markets lower

Grim news from Walmart sends US markets lower

2 years ago
Anonymous $33nAR-2OaA

https://apnews.com/1e59455d55b683d5e5d55f4e278034e1

Big retailers and technology companies led stocks lower on Wall Street Tuesday after Walmart warned that inflation is hurting American consumers' spending power.

The sell-off comes ahead of the Federal Reserve's latest interest rate policy statement on Wednesday, when economists expect the central bank to announce another sharp rate hike as it ratchets up its fight against surging inflation.

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