Dow Dips Over 200 Points; Home Depot Posts Upbeat Earnings

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 200 points on Tuesday.

The Dow traded down 0.54% to 44,053.04 while the NASDAQ fell 0.01% to 19,299.60. The S&P 500 also fell, dropping, 0.09% to 5,995.74.

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Leading and Lagging Sectors

Communication services shares surged by 0.5% on Tuesday.

In trading on Tuesday, materials shares fell by 1.4%.

Top Headline

Home Depot Inc (NYSE:HD) reported better-than-expected third-quarter earnings and lifted its full-year 2024 outlook.

HD reported third-quarter sales growth of 6.6% year-over-year to $40.217 billion, beating the consensus estimate of $39.173 billion. Adjusted EPS was $3.78 (-1.8% year over year), beating the consensus of $3.64.

Home Depot raised its sales guidance from $156.49 billion – $158.01 billion to $158.78 billion versus the $157.33 billion consensus. It expects comparable sales to decline approximately ~2.5% (prior expected to ...

Full story available on Benzinga.com