Global-E Online Ltd. shares rise 1.07% premarket as Walmart's strong demand and online strategy boost retail sector.

Global-E Online Ltd. rose 1.07% in premarket trading. Walmart, a major retailer, reported strong demand from shoppers across all income levels, raising its full-year sales and profit forecast. However, shares fell as much as five and a half percent in Thursday morning trading as the world's largest retailer posted a second-quarter profit below estimates. One analyst tells Reuters that estimates were too ambitious, and 'The miss is not indicative of a slowdown in business fundamentals.' Walmart got a boost from a sharper online strategy as more customers relied on the retailer.