The stock market closed lower on Thursday, dragged by technology stocks and renewed concern about the profitability of AI boom.
Eli Lilly (LLY) and Mastercard (MA) were the standout performers as they rose 7% and 4%, respectively.
Overall, S&P fell 0.3% to 7,720, while Nasdaq dropped 1.4% to 26,185.
Chart of the Day
Here is the one-year chart of Walmart (WMT) as of October 12, 2026, when the stock was at $112.
Walmart delivered solid profit growth of 19% last quarter on a 6% rise in revenue as e-commerce sales jumped 23%. Global e-commerce sales now represent 24% of total sales, a big number.
Walmart US e-commerce grew 24%, while Sam’s Club e-commerce sales increased 26% with international e-commerce up 19%. E-commerce is now 30% of total sales in Walmart’s international stores.
WMT is on the radar for the Conservative Growth Portfolio.
