Walmart Suffers $22 Billion Valuation Drop On A Single Day Amid Declining Consumer Confidence - NVIDIA (NASDAQ:NVDA), Walmart (NYSE:WMT)
1. WMT lost $22 billion in market cap amid declining consumer confidence. 2. Consumer Confidence Index falls to 92.9, lowest since early 2021. 3. Expectations Index drops to a 12-year low, signaling recession fears. 4. CEO McMillon notes stressed consumer behaviors affecting spending. 5. Inflation and tariffs may further impact Walmart's pricing strategies.