US Stock Market Move | Walmart Inc. (WMT.US) rose more than 2%, the company will increase the prices of some products in the United States.
On Friday, Walmart (WMT.US) rose more than 2%, closing at $98.76.
On Friday, Walmart Inc. (WMT.US) rose over 2% to $98.76. In terms of news, on May 15, Walmart Inc. sent a clear signal to the market that price increases due to tariffs are imminent. The company warned that price increases caused by tariffs are expected to soon affect the products on the shelves, and they will start raising prices on some goods starting this month. Analysts believe that Walmart Inc.'s actions will open the floodgates for a comprehensive increase in retail prices.
John David Rennie, Chief Financial Officer of Walmart Inc., said in an interview, "If you haven't seen (price increases) yet, it will happen in May, and then it will become more obvious." Rennie bluntly stated, "The magnitude and speed of these price increases will be unprecedented."
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