Walmart’s announcement alarmed investors who weighed the implications for other retail stocks.
Stocks during Monday's session traded in a narrow range, with the S&P 500 adding 0.1%. The Dow Jones Industrial Average climbed 90.75 points, or 0.3%. The tech-heavy Nasdaq Composite lagged, sliding 0.4%. All of the major averages are on track for their best month of the year.
"I think that there's going to be a bifurcated market," VantageRock's Avery Sheffield said during CNBC's"Closing Bell: Overtime.""I think the bottom might be in certain stocks, but nowhere in others. So this actually could be one of the most dynamic earnings seasons we've seen in a long time."
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