Why Walmart, Amazon, and Charles Schwab Jumped Today
Steve Symington, The Motley FoolMotley FoolJuly 17, 2018, 9:03 PM GMT. In particular, investors stepped further toward equities when Federal Reserve Chairman Jay Powell noted the U.S. jobs market has grown stronger, and indicated that the Fed will likely continue slowly increasing interest rates in the near term. But several individual stocks easily outpaced the broader market's gains, including Walmart(NYSE: WMT), Amazon(NASDAQ: AMZN), and Charles Schwab(NYSE: SCHW). Shares of Walmart climbed as much as 1.2%, then settled to close up 0.6% after the global retail giant announced a five-year strategic agreement with Microsoft (NASDAQ: MSFT) to "accelerate [its] digital transformation in retail, empower its associates worldwide and make shopping faster and easier for millions of customers around the world." Amazon stock climbed 1.2% to a fresh all-time high following the company's announcement that -- in spite of a brief outage at the start of its Prime Day event yesterday afternoon -- the annual sale was already "bigger than ever," with sales in the U.S. growing faster than last year's Prime Day within the first 10 hours.