5 things to know before the stock market opens Tuesday

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Dow futures dropped Tuesday after two Dow stocks, Home Depot and Walmart, reported earnings. The Dow closed at a record high Monday.

's gain Monday put the index about 1% away from closing at a record. The government is set to release October retail sales at 8:30 a.m. ET.People wear protective face masks outside Home Depot in the Flatiron district as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City.

Shares of Home Depot fell about 1% in the premarket despite the company Tuesday reporting third-quarter earnings and revenue that beat estimates as consumers continued to focus on home improvement during the pandemic. Sales surged 24%. Brian Nagel, senior analyst at Oppenheimer, on CNBCCustomers shop at a Walmart store on May 19, 2020 in Chicago, Illinois.third-quarter earnings and revenue, with U.S. e-commerce sales soaring by 79%. Total revenue grew by 5%.

 

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