You are here: Home » Reuters » News
Business Standard

Amazon-Whole Foods deal roils Wall Street; energy shares gain

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Major U.S. stock indexes ended little changed on Friday even as Amazon.com's $13.7 billion deal to buy upscale grocer Whole Foods roiled the retail sector and rocked shares of an array of companies including Wal-Mart and Target.Energy sector shares helped buoy the S&P 500 and the Dow industrials, while Apple dragged on the Nasdaq.The deal by Amazon, a proven retail disruptor, marked a major step by the internet retailer into the brick-and-mortar retail sector.Wal-Mart shares sank 4.7 percent, weighing the most on the Dow. Shares of Target , Walgreen ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, June 17 2017. 02:04 IST
RECOMMENDED FOR YOU