Wary Stock Bulls Eye Walmart, Target for Clues to Consumer Health
Lack of government data raises the stakes for earnings reports.
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This week was always going to be crucial for the stock market with AI behemoth Nvidia due to report earnings. But with results from a slew of major retailers also hitting, the next few days have become critical to traders seeking a view on the health of consumers and the economy.
In many ways, the results from Walmart, Target and Home Depot are likely to overshadow Nvidia because they offer insights into spending patterns at a time when there’s scant data for Wall Street to go on.