Reported about 2 months ago
Walmart's better-than-expected second-quarter sales figures, which rose by 4.2%, suggest that a U.S. recession might be avoidable, contrasting sharply with Home Depot's recent sales decline warning. This positive news has boosted investor confidence and market performance, with the S&P 500 and Nasdaq showing significant gains. However, concerns linger about interest rates and consumer spending, highlighting the mixed signals in the current economic landscape.
Source: YAHOO