Walmart Faces $22 Billion Market Loss as Consumer Confidence Hits 12-Year Low

The retailer's valuation drop follows a sharp decline in U.S. consumer confidence, raising concerns about reduced spending and economic risks.

Walmart's market capitalization fell by $22 billion on Tuesday after a 3.1% drop in its share price.
The decline coincided with U.S. consumer confidence reaching its lowest level since early 2021, according to The Conference Board.
The Expectations Index, a key measure of near-term consumer outlook, fell to a 12-year low, signaling potential recession risks.
Walmart CEO Doug McMillon noted 'stressed behaviors' among budget-constrained customers, including reduced spending and smaller purchases.
While Walmart's stock showed a modest 0.3% recovery in pre-market trading, broader economic uncertainties, including inflation and tariffs, continue to weigh on consumer sentiment.