According to @StockMKTNewz, citing CNBC, Walmart (WMT) announced that CEO Doug McMillon will retire in January, a material leadership change for the world’s largest retailer, source: @StockMKTNewz, CNBC. CEO departures are material corporate events that require disclosure under U.S. SEC Form 8-K Item 5.02, which traders monitor for potential market-moving information, source: U.S. SEC Form 8-K Item 5.02. Walmart is a constituent of the S&P 500 and the Dow Jones Industrial Average, meaning any stock move will flow through these indices that equity index traders track intraday, source: S&P Dow Jones Indices. Crypto traders may also watch cross-asset risk sentiment as BTC has shown periods of increased correlation with U.S. equities in past cycles, indicating potential spillover in risk-on/risk-off regimes, source: Bank for International Settlements (BIS) research on crypto–equity correlations.