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S&P 500, Dow edge lower after mixed retail earnings

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The S&P 500 and Dow Jones indexes eased on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a mixed set of quarterly results from retailers including Home Depot and Walmart.

Walmart Inc , on the other hand, gained 1.7% after posting a jump in first-quarter U.S. comparable sales as online sales soared due to stockpiling of essentials during the coronavirus-related lockdown.

Trillions of dollars in stimulus has helped the S&P 500 rebound more than 34% from its March lows. Although it is now just about 13% below its record high, the pace of the rally has slowed in May owing to uncertainty over the outbreak and rising U.S.-China tensions.

 

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Stock market news today: Dow and S&P 500 updates - CNNOffice Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce Sad correlation? i thought they been closed up shop. still unfortunate to read. I usually only see 3 employees in my local store, so I'm assuming my store will be self service.
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Stock market news today: Dow and S&P 500 updates - CNNUS stock futures are heading south after the Dow surged more than 900 points Monday. Follow live updates: Not again 🤦🏽‍♂️🤦🏽‍♂️ It looks like it’s positive actually... They’re most literally headed north as of this post.
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