Wal-Mart Unscathed By Market Fallout
October 01, 2008
| about: WMT
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While U.S. financials have underperformed the broader market by 5.3% so far in 2008, the real estate subsector has outperformed it by 11.54%.
And the company that has avoided the credit crisis market fallout most? Wal-Mart Stores (WMT).
Fortune 500’s largest company in the world has seen its share price climb more than 27% year-to-date.
The results come from Dow Jones Indexes, which noted that the Dow Jones Industrial Average has dropped 3021.40 points, or 21.33%, from its record close of 14,164.54 hit on October 9, 2007.
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