Why Shares of Amazon, Walmart, and Home Depot Are Rebounding Today
The stocks of big-box retailers and large e-commerce companies rebounded today, as news reports hinted at progress on negotiations between the Trump administration and trade partners. U.S. Treasury Secretary Scott Bessent also reportedly expressed more positive sentiment regarding the United States' frayed relationship with China.Shares of Amazon (NASDAQ: AMZN) traded roughly 3.3% higher, as of 1:34 p.m. ET today. Shares of Walmart (NYSE: WMT) traded nearly 2% higher, while shares of Home Depot (NYSE: HD) were up about 1.3%.The escalating tensions between the U.S. and China over tariffs and trade have been bad news for big-box retailers and large e-commerce companies because they all source a significant amount of their products from China.Continue reading
The stocks of big-box retailers and large e-commerce companies rebounded today, as news reports hinted at progress on negotiations between the Trump administration and trade partners. U.S. Treasury Secretary Scott Bessent also reportedly expressed more positive sentiment regarding the United States' frayed relationship with China.
Shares of Amazon (NASDAQ: AMZN) traded roughly 3.3% higher, as of 1:34 p.m. ET today. Shares of Walmart (NYSE: WMT) traded nearly 2% higher, while shares of Home Depot (NYSE: HD) were up about 1.3%.
The escalating tensions between the U.S. and China over tariffs and trade have been bad news for big-box retailers and large e-commerce companies because they all source a significant amount of their products from China.