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S stocks closed in the red on Tuesday as investors looked to big retailer earnings to provide insight into consumer resilience amid doubts about the odds of a "soft landing."
The tech-heavy Nasdaq Composite (^IXIC) led the declines, dropping nearly 1%. The S&P 500 (^GSPC) fell about 0.6%, while the Dow Jones Industrial Average (^DJI) dropped roughly 0.2% after the three gauges closed a turbulent week lower.
Earnings are front of mind as markets reopen after the Presidents' Day break, with quarterly reports from leading US retailers Walmart (WMT) and Home Depot (HD) provided a mixed picture. Shares of Home Depot dipped after it signaled demand has failed to pick up amid "sticky" inflation, while Walmart jumped as its upbeat sales outlook and dividend increase boosted the mood.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-tech-stocks-lead-market-slide-with-nvidia-earnings-on-deck-210113356.html
To get the latest market news check out finance.yahoo.com
S stocks closed in the red on Tuesday as investors looked to big retailer earnings to provide insight into consumer resilience amid doubts about the odds of a "soft landing."
The tech-heavy Nasdaq Composite (^IXIC) led the declines, dropping nearly 1%. The S&P 500 (^GSPC) fell about 0.6%, while the Dow Jones Industrial Average (^DJI) dropped roughly 0.2% after the three gauges closed a turbulent week lower.
Earnings are front of mind as markets reopen after the Presidents' Day break, with quarterly reports from leading US retailers Walmart (WMT) and Home Depot (HD) provided a mixed picture. Shares of Home Depot dipped after it signaled demand has failed to pick up amid "sticky" inflation, while Walmart jumped as its upbeat sales outlook and dividend increase boosted the mood.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-tech-stocks-lead-market-slide-with-nvidia-earnings-on-deck-210113356.html