Today’s Top Stock Stories: Walmart Stumbles, Alibaba Bleeds Cash and Bitcoin Is Back

TLDR

• Walmart missed U.S. comparable sales estimates, growing just 2.6% against a 3.8% forecast
• Alibaba’s net profit dropped 75% as AI spending surged, with capex jumping 75%
• Coinbase rallied as Bitcoin climbed back above $70,000
• Oil rose for a fifth straight session on Iran geopolitical uncertainty
• Deere raised its profit outlook after construction and forestry sales jumped 18%

Wall Street had a busy session with earnings misses, heavy AI spending, a crypto rally, rising oil prices, and a strong update from Deere.

Here is a breakdown of the five biggest stock stories investors are watching today.

Walmart Misses Sales Expectations

Walmart reported U.S. comparable sales growth of 2.6%, falling short of the 3.8% Wall Street had expected. It was a rare miss for a retailer that has consistently beaten forecasts in recent years.

The company modestly raised its full-year outlook, but that did little to calm investor concern. Weaker discretionary spending and signs of a more cautious consumer were the main worries.

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