New York, Jan 20, 2026, 17:36 EST — After-hours
- Walmart shares slipped roughly 0.8% in late trading following a choppy session.
- New tariff threats involving Greenland hit retail stocks and dented overall risk appetite.
- All eyes are on Walmart’s Feb. 19 earnings, which could shed light on pricing trends and consumer demand.
Walmart Inc (WMT) shares dropped roughly 0.8% to $118.71 in after-hours trading Tuesday, hit by tariff concerns and a steep selloff on Wall Street weighing on retailers. The stock swung between $117.62 and $121.61 on a volume near 45 million shares.
Investors dumped risk after U.S. President Donald Trump threatened new tariffs on imports from eight European countries over a dispute involving Greenland. The S&P 500 dropped 2.06%, the Nasdaq lost 2.39%, and the Dow fell 1.76%, Reuters reported. The Cboe Volatility Index (VIX), which tracks expected stock swings, closed at its highest point since late November. Jamie Cox, managing partner at Harris Financial Group, told Reuters, “I’m not at the point yet” where the tariff dispute will spark a broader selloff. 1
Big retailers face a clear concern: tariffs can quickly raise import costs, sparking a battle over who foots the bill. Amazon CEO Andy Jassy noted the company is beginning “to see some of the tariffs creep into some prices” as earlier stockpiles dwindle. Some sellers are passing those costs on, while others are absorbing them to keep demand steady. 2
Walmart’s massive scale and commitment to “everyday low prices” attract bargain-hunting shoppers during tough times, but that strategy leaves slim margins if costs climb and rivals keep pressure on. Investors are closely tracking whether retailers can maintain prices without sacrificing profits.
Walmart is rolling out a “Premium Musical Instrument Shop” on its Marketplace, featuring top-tier brands like Fender, Roland, Boss, and Zildjian. The move marks a deeper push into curated, higher-end online categories. “We’re thrilled to bring some of the world’s most legendary music brands to Walmart Marketplace,” said Manish Joneja, senior vice president for Walmart Marketplace and Walmart Fulfillment Services. 3
On Tuesday, Walmart joined the Nasdaq-100, the index tracking 100 of the largest non-financial firms on Nasdaq. Nasdaq announced that Walmart took AstraZeneca’s spot in the benchmark before the market opened Tuesday. This swap could affect fund flows for those tracking the index. 4
Walmart’s fiscal fourth-quarter earnings will drop on Feb. 19, according to its investor site. The company plans to release materials early that day, followed by a conference call before the U.S. market opens. 5
The tariff angle remains the wildcard. Should the levies kick in and expand, retailers might see prices climb while shopper activity stays flat — a tough combo that could drag down unit sales, promotions, and profit margins per basket.
Traders will be watching closely in the coming session and throughout the week for sharper signals on when and how the tariff plan might roll out, along with any hints of retaliation. Meanwhile, positioning is ramping up ahead of Walmart’s Feb. 19 earnings, with investors looking for insight into pricing strength, foot traffic, and the overall condition of the U.S. consumer.
