Stock Market Today: Dow Reclaims 34K as Walmart, Home Depot Stocks Soar

Both retailers reported higher-than-expected earnings and revenue in Q2 and reiterated their full-year forecasts.

blue arrow going higher with stock ticker board in background
(Image credit: Getty Images)

Stocks started Tuesday on shaky ground before muscling higher thanks to a pair of well-received earnings reports from retail giants.

Walmart (WMT) stock jumped 5.1% after the mega-retailer reported higher-than-expected earnings and revenue for its second quarter. The company also reiterated its full-year guidance. This was particularly notable, given that operating income fell in Q2 amid an inventory glut and a shift by consumers toward necessities and away from higher-priced discretionary items.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.