US close: Wall Street weaker despite solid retail results
Wall Street stocks closed weaker on Tuesday, even after some solid earnings from big-box retailers including Walmart, Home Depot and Macy's.
At the close, the Dow Jones Industrial Average was down 0.78% at 34,060.66, while the S&P 500 lost 0.85% to 4,127.83 and the Nasdaq Composite lost 0.56% to 13,303.64.
The Dow closed 267.13 points lower on Tuesday, extending losses recorded in the previous session.
On the macro front, US homebuilders broke ground on far fewer new homes than expected last month, according to the Department of Commerce, with housing starts falling at a month-on-month clip of 9.5% to reach an annualised pace of 1.56m.
That was lower than consensus expectations for 1.70m.
Permits, on the other hand, edged up by 0.3% on the month to reach 1.76m.
Consensus forecasts for the lead indicator were for a total of 1.77m.
In equities, Home Depot shares were down 1.02% despite posting a quarterly earning per share of $3.83, significantly better than the $3.08 per share predicted by analysts on the Street, driven by a 32.7% increase in net sales throughout the period.
Department store chain Macy's slipped 0.37% even after revealing blowout quarterly earnings and raising its full-year guidance.
Discounting giant Walmart managed to rise 2.17%, after the firm revealed that Covid-19 stimulus checks had driven it to its strongest ever first-quarter performance.
Dow Jones - Risers
Walmart Inc. (WMT) $141.91 2.17%
Unitedhealth Group Inc. (UNH) $410.38 0.43%
McDonald's Corp. (MCD) $231.93 0.11%
Johnson & Johnson (JNJ) $170.45 0.04%
Honeywell International Inc. (HON) $230.94 0.00%
Dowdupont Inc. (DWDP) $30.52 0.00%
Cisco Systems Inc. (CSCO) $52.93 -0.02%
Walgreens Boots Alliance, Inc. (WBA) $55.26 -0.07%
Boeing Co. (BA) $227.55 -0.19%
Walt Disney Co. (DIS) $169.68 -0.24%
Dow Jones - Fallers
Chevron Corp. (CVX) $106.18 -4.18%
Caterpillar Inc. (CAT) $239.47 -2.17%
Dow Chemical Co. (DOW) $69.53 -1.95%
Travelers Company Inc. (TRV) $157.29 -1.85%
JP Morgan Chase & Co. (JPM) $162.35 -1.41%
Verizon Communications Inc. (VZ) $57.18 -1.31%
Goldman Sachs Group Inc. (GS) $364.56 -1.27%
American Express Co. (AXP) $154.99 -1.19%
Apple Inc. (AAPL) $124.85 -1.12%
Procter & Gamble Co. (PG) $136.26 -1.02%
S&P 500 - Risers
CVS Health Corp (CVS) $88.61 4.79%
Walmart Inc. (WMT) $141.91 2.17%
Boston Properties Inc. (BXP) $112.41 2.06%
Alliant Energy Corp. (LNT) $57.60 1.98%
MGM Resorts International (MGM) $39.48 1.88%
Abiomed Inc. (ABMD) $272.84 1.87%
Cerner Corp. (CERN) $77.92 1.86%
Illumina Inc. (ILMN) $386.36 1.81%
Align Technology Inc. (ALGN) $569.50 1.78%
Carnival Corp. (CCL) $28.00 1.74%
S&P 500 - Fallers
AT&T Inc. (T) $29.55 -5.80%
Molson Coors Beverage Co. Class B (TAP) $55.48 -4.23%
Western Digital Corp. (WDC) $73.21 -4.20%
Chevron Corp. (CVX) $106.18 -4.18%
Gap Inc. (GPS) $34.98 -3.72%
Quanta Services Inc. (PWR) $93.19 -3.71%
Deere & Co. (DE) $369.69 -3.61%
D. R. Horton Inc. (DHI) $92.24 -3.57%
Kohls Corp. (KSS) $61.80 -3.53%
Devon Energy Corp. (DVN) $26.24 -3.49%
Nasdaq 100 - Risers
NetEase Inc. Ads (NTES) $108.61 3.54%
JD.com, Inc. (JD) $69.74 2.24%
Cerner Corp. (CERN) $77.92 1.86%
Illumina Inc. (ILMN) $386.36 1.81%
Align Technology Inc. (ALGN) $569.50 1.78%
Activision Blizzard Inc. (ATVI) $93.66 1.47%
NortonLifeLock Inc. (NLOK) $26.49 1.46%
Trip.com Group Limited (TCOM) $39.44 1.34%
Wynn Resorts Ltd. (WYNN) $126.14 1.13%
Qurate Retail Inc. (QRTEA) $12.94 1.01%
Nasdaq 100 - Fallers
Vodafone Group Plc ADS (VOD) $18.37 -9.24%
Western Digital Corp. (WDC) $73.21 -4.20%
T-Mobile Us, Inc. (TMUS) $135.00 -3.71%
PACCAR Inc. (PCAR) $91.04 -2.94%
Seagate Technology Plc (STX) $101.17 -2.94%
Ross Stores Inc. (ROST) $124.81 -2.81%
Fastenal Co. (FAST) $52.40 -2.37%
DENTSPLY Sirona Inc. (XRAY) $67.42 -2.22%
Workday, Inc. (WDAY) $225.09 -1.90%
Dish Network Corp. (DISH) $44.35 -1.88%