Stocks opened mixed on Tuesday morning as investors weighed results from Home Depot and Walmart.
The Dow Jones Industrial Average dropped over 300 points or 1%, weighed down by the two Dow retail members. The S&P 500 also fell by the same amount.
|I:DJI||DOW JONES AVERAGES||29553.92||-396.52||-1.32%|
|HD||THE HOME DEPOT INC.||272.53||-7.40||-2.64%|
Home Depot shares were weaker despite a solid quarter after the home improvement chain noted expenses would rise by $1 billion as it works to bring on more employees. Walmart reported strong results, beating expectations as e-commerce sales jumped 79%.
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Tesla is a standout, rallying on word it will be added to the S&P 500 in December,