U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.17% to 42,717.49 while the NASDAQ fell 0.60% to 19,100.94. The S&P 500 also fell, dropping, 0.28% to 5,946.87.
Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 4% Dividend Yields
Leading and Lagging SectorsUtilities shares rose by 0.4% on Tuesday.
In trading on Tuesday, information technology stocks dipped by 1.1%.
Top Headline
Home Depot Inc. (NYSE:HD) reporting better-than-expected first-quarter sales results and reaffirmed its full-year outlook.
Sales rose 9.4% year over year to $39.86 billion, topping the $39.33 billion consensus. Adjusted earnings per share fell 3% to $3.56, missing the $3.60 estimate.
Home Depot reaffirmed it forecast of total sales growth of 2.8% year-over-year, reaching $163.98 billion, below the consensus of $164.17 billion. The company anticipates adjusted earnings per share will decline about 2% to $14.94, lower than the $14.99 consensus estimate.
Equities Trading UP
Equities Trading DOWN
CommoditiesIn commodity news, oil traded down 0.6% to $62.30 while gold traded up 0.4% at $3,245.80.
Silver traded up 0.4% to $32.625 on Tuesday, while copper fell 1% to $4.6225.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.8%, while Spain's IBEX 35 Index rose 1.7%. London's FTSE 100 rose 0.9%, Germany's DAX 40 gained 0.6% and France's CAC 40 climbed 0.9% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.08%, Hong Kong's Hang Seng Index gaining 1.49%, China's Shanghai Composite Index rising 0.38% and India's BSE Sensex declining 1.06%.
Economics
US Redbook Index rose by 5.4% year-over-year in the week ending May 17.
Now Read This:
Photo via Shutterstock
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.