Wal-Mart Shares Little Changed Despite Rally Across Broad Market

By Markets MarketWatch Pulse

Wal-Mart Stores Inc. shares were nearly flat in Tuesday trading even as shares of other retailers bounced back from a broad market downturn after the Brexit vote. Since the "leave" result was announced, Wal-Mart outperformed the Dow, slipping just 0.8% while the Dow fell 4.8% in the past two days. On Tuesday, shares were nearly unchanged, even as companies like Target Corp. and Kohl's Corp. move into positive territory. Competitors in the grocery space are, like Wal-Mart, struggling to make gains, with Whole Foods Market Inc. and Fresh Market Inc. also largely flat and Kroger Co. down 0.3%. Wal-Mart shares are up 16.7% for the year to date while the S&P 500 is down 1.2% for the same period.

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