Heard on the Street Wednesday Recap: Anxiety in the Grocery Aisle

Published 2 months ago Neutral
Heard on the Street Wednesday Recap: Anxiety in the Grocery Aisle
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AMZ.HM Amazon.com Inc AMZN.BA Amazon.com Inc. AMZN.SN Amazon.com Inc KOG.MU The Kroger Co WMT.BE Walmart Inc
Amazon unveiled a massive expansion of its grocery-delivery business. Shares of supermarket chains and food-delivery companies fell on the news, with Instacart owner Maplebear, DoorDash, Kroger and Walmart all selling off. Stocks mostly rose, reflecting hopes the Federal Reserve will cut interest rates in September.

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