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Walmart suffers one of its worst days ever on Wall Street, as shares plunge 10 percent amid fears it can’t compete with online rivals like Amazon

The market saw the end of a six-day winning streak for investors on Tuesday

Walmart led the way for the losses, with its stock price suffering its biggest decline in a single day, in terms of percentage points, in more than 30 years

Walmart also posted the biggest loss in the Dow and S&P 500, falling 10.2 percent points and $10.67, from $104.78 to $94.11 at the close of trading

The drop followed disappointing fourth quarter reports and much slower than expected internet sales growth as the company tries to compete with Amazon

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Read more: http://www.dailymail.co.uk/news/article-5415073/Walmart-plun...
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