Stock Market Today, Jan. 12: Walmart Jumps on Nasdaq 100 Inclusion

Walmart (NASDAQ:WMT), the global omnichannel retailer, closed Monday at $117.97, up 3.00% as investors responded to its pending Nasdaq-100 inclusion and new partnerships. Walmart IPO'd in 1972 and has grown 549,006% since going public. Trading volume reached 47.4 million shares, about 143% above its three-month average of 19.5 million. Monday’s action centered on Walmart’s Nasdaq-100 “countdown” and reports highlighting its Google Gemini integration.The S&P 500 added 0.15% to finish at 6,977, while the Nasdaq Composite gained 0.26% to close at 23,734. Within discount stores, industry peers Costco Wholesale and Target rose 1.97% and 0.61%, respectively, as defensive retailers benefited from renewed interest in large, resilient consumer names.A couple of weeks after switching from being listed on the New York Stock Exchange to the Nasdaq, the mega-retailer joined the Nasdaq-100. Though being added to the Nasdaq-100 doesn't change anything about its operations, the inclusion is somewhat symbolic as it highlights Walmart's shifting ambitions towards becoming an AI- and technology-focused behemoth, as opposed to just a retailer.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool