Tuesday, 10 October 2017

Retail giant Walmart leads Dow Jones to fresh record high

Retail giant Walmart led the Dow Jones to yet another record high after it announced plans to buy back $20bn of its shares.

Walmart also said it expected its US online sales would rise by about 40% in the year to January 2019, while net sales would increase 3%.

Shares in the retailer rose 3.4% in early trade, helping the Dow to climb 86 points, or 0.4%, to 22,847.

The biggest faller on the Dow was United Health group, down 0.7%.

The Nasdaq was also up 0.4%, rising 27 points to 6,607, while the S&P 500 index climbed 4.69 points to 2,549.42.

BBC     News.

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