Good Evening. Stocks in the US rose on Tuesday. It was helped by a rise in technology companies, as all three indexes recovered after heavy selling.
The S&P 500 increased by 2.02%, while the Dow Jones increased by 1.34%. As technology companies recovered from a negative day on Monday, the Nasdaq Composite rose 2.76%.
Walmart’s (WMT) first-quarter results were mixed, with still-strong consumer spending helping to boost sales while earnings fell short of expectations.
Earnings per share: $1.30 vs. $1.48 estimate
Revenue: $141.57 billion vs. $139.09 billion estimate
Walmart’s sales growth has slowed since the peak of the epidemic in the United States when a boom in pantry stocking and stimulus checks boosted profits. Despite rising consumer prices across the country, the company has maintained revenue growth as demand for its wide range of products has remained strong.
At Closing, WMT finished lower by 11.38% to $131.35 per share.
IS YOUR HOME AT RISK?
According to a new analysis from the non-profit First Street Foundation, most homeowners should expect their wildfire risks to increase over the next three decades as a result of climate change. The research contained a first-of-its-kind tool for calculating wildfire risk on particular houses, taking into consideration characteristics like roof type and vegetation near the house. Here’s a quick rundown of the findings:
- In the next 30 years, wildfires will threaten 80 million dwellings, with at least 10 million homes falling into the “serious” or “severe” danger categories.
- The most at-risk properties are in California, Texas, Florida, Arizona, and Oklahoma. However, fire dangers are expected to increase by more than 200 percent in the next 30 years in states including New Jersey, Massachusetts, Louisiana, Alabama, and Arkansas.
- Georgia will account for half of the US counties with the highest fire danger by 2052.
Zoom out: Wildfire seasons are lasting longer and destroying more than ever before. The Calf Canyon Fire in New Mexico recently became the state’s largest fire, burning 298,060 acres.