Walmart hits $1 trillion market cap, fueled by growth of e-commerce, new businesses

[1srelluc]

Walmart hits $1 trillion market cap, fueled by growth of e-commerce, new businesses

Walmart joins a group of mostly technology companies in the $1 trillion market cap club.

www.cnbc.com

• Walmart hit the $1 trillion market cap threshold on Tuesday.
• The retailer, which has tried to compete with Amazon by growing its digital businesses, joins a group mostly comprised of tech companies.
• Walmart has also won over higher-income shoppers during a period of elevated inflation in recent years.

In hitting the benchmark, the largest U.S. retailer and grocer joins an exclusive club made up almost entirely of technology companies. Shares closed nearly 3% higher at $127.71, leaving the company with a $1.02 trillion market cap at the end of Tuesday.

LOL....Not bad when you consider the people here and elsewhere on the net who claim to never shop there.....Looks like someone is.