Walmart shares rose more than 1% after the world's largest retailer acquired small New York-based company Parcel. The acquisition is a play to go head-to-head with Amazon.com Inc. (AMZN) - Get Report in the same-day delivery market, first focusing on the New York City area. Details of the deal weren't disclosed.
Other stocks in the non-cyclical consumer space were caught up in the momentum, including Procter & Gamble Co. (PG) - Get Report , Anheuser-Busch InBev NV (BUD) - Get Report , Ambev SA (ABEV) - Get Report and CVS Health Corp. (CVS) - Get Report . The Consumer Staples Select Sector SPDR ETF (XLP) - Get Report increased 0.2%.
Forget Farm To Table, Walmart Is Testing Web To Fridge
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