On Wednesday, Walmart Inc (NYSE: WMT) didn’t fail to impress investors with its fourth quarter report while also revealing its strategy to further boost its growth on the ad front, like its retail peer, Amazon.com Inc (NASDAQ: AMZN).
The index change was prompted by DJIA constituent Walmart Inc.’s (NYSE:WMT) decision to split its stock 3:1, which will reduce Walmart’s index weight due to the price weighted construction of the index.
Wall Street opens weaker due to decline in tech stocks, Nasdaq falls by 1.5%. Investors await FOMC minutes and Nvidia earnings. Walmart and Discover Inc. report strong earnings, Expeditors Int'l and Westlake Chemical Partners LP experience declines.