Retail sales are rising across the U.S., and Wal-Mart (WMT) is the biggest gainer in this area of ​​the stock market. As stock indexes report positive economic news, Wal-Mart is enjoying one of its best weeks in a long time.

Wal-Mart’s share price hit an all-time high after breaking above that mark on Thursday and then continued to rise on Friday as stock markets remained strong.

Wal-Mart’s previous high was $71.03, but the current price is $73.43. The rise is partly due to a positive quarterly report and partly due to optimistic data from the U.S. consumer price index and retail sales. These reports showed that inflation is declining slightly and the economy is moving further away from a recession.

Wal-Mart wasn’t the only company to benefit from the positive reports. Target (TGT) shares (up 1.46% today) and Amazon (AMZN) also recorded gains, rising 5.98% for the week.

Great earnings and prospects for Wal-Mart

With sales of $169.3 billion, Wal-Mart exceeded earnings expectations, while the forecast for the last three-month period had been closer to $168.6 billion.

In terms of earnings per share, Wal-Mart was estimated to earn $0.65 per share, but in reality it was only $0.67.

With positive results, Wal-Mart was able to adjust its forecast for the rest of the year and satisfy its shareholders. We expect the share price to continue to rise this year and reach new record highs.

The company continues to attract price-conscious customers looking for the best deals in tough economic times. Even as inflation rises, the Federal Reserve is keen to lower the current interest rate from 2.9% to 2%. However, they could still cut rates in September. The question now is how much they will cut rates by.