Stock Market Today: Dow Flirts With 40K After Walmart Earnings

The 30-stock index briefly traded above the 40,000 mark as blue chip retail stock Walmart surged after earnings.

closeup of Walmart sign on shopping cart in parking lot
(Image credit: Joe Raedle/Getty Images)

Stocks were choppy Thursday coming off Wednesday's record-setting session. A steady stream of headlines gave investors plenty to consider – including the Dow Jones Industrial Average's first-ever foray atop the psychologically significant 40,000 mark. The 30-stock index didn't stay there for long, but it certainly sparked excitement across Wall Street. 

A positive earnings reaction for blue chip retail giant Walmart (WMT, +7.0) helped to boost the Dow above 40k in mid-morning trading. Not only did the company beat on the top and bottom lines thanks to a 22% year-over-year surge in e-commerce sales, but it also said it expects full-year results to be at the high end or slightly above its previous guidance.  

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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.