Walmart stock surged as a new CEO takes the helm and on news of a trade deal with India, a key supplier.
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Walmart has reached a $1 trillion market valuation, a first for the big-box retailer.
The company’s shares hit a high on Tuesday morning trade as the stock continues to soar on the news of a new CEO and looming trade negotiations with India, where the Arkansas-based company maintains a large presence both in supply chain and domestic markets within India. The stock was up 2.1 percent from the market open in midday trading.
