Despite promising earnings beats from Walmart and Home Depot on Tuesday morning, stocks are pushing down from record-high closes on Monday after new data from the Census Bureau showed that retail sales–a previously booming indicator–did worse than believed in September and came in below expectations in October.... [+]Shortly after the market open, the Dow Jones Industrial Average was about 270 points, or 0.9%, below its Monday close, while the S&P 500 had fallen 0.
Elsewhere in retail, shares of CVS and Walgreens are tumbling 8% and 10%, respectively, after ecommerce juggernaut AmazonTuesday morning that it's launching an online pharmacy with free delivery for its Prime members. Tesla stock continues to soar back toward record highs after S&P Global announced after the market close on Monday that it's adding the electric-carmaker to the S&P 500 Index; shares are surging 13% and have more than quadrupled this year alone.
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