Following the market opening Tuesday, the Dow traded down 0.76 percent to 24,709.16 while the NASDAQ declined 1.09 percent to 7,331.12. The S&P also fell, dropping 0.78 percent to 2,708.74.
Leading and Lagging Sectors;
Tuesday morning, the energy shares rose 0.73 percent. Meanwhile, top gainers in the sector included Renewable Energy Group, Inc. REGI 0.66%, up 11 percent, and Energy XXI Gulf Coast, Inc. EGC 10.14% up 7 percent.
In trading on Tuesday, real estate shares fell 1.03 percent.
Home Depot Inc HD 1.44% reported better-than-expected earnings for its first quarter, while sales missed estimates.
Home Depot posted Q1 earnings of $2.08 per share on sales of $24.947 billion. Analysts expected earnings of $2.06 per share on sales of $25.22 billion. Sales at stores open at least a year increased 4.2 percent.
Home Depot expects FY18 sales to grow by 6.7 percent, and earnings growth of 28 percent.
Equities Trading UP;
Euro Tech Holdings Company Limited CLWT 68.24% shares shot up 93 percent to $6.16 after reporting 2017 year-end results.
Shares of SORL Auto Parts, Inc. SORL 14.36% got a boost, shooting up 13 percent to $5.90 after reporting upbeat Q1 results.
Hollysys Automation Technologies Ltd. HOLI 18.48% shares were also up, gaining 24 percent to $27.3947 following Q3 results.
Equities Trading DOWN;
Image Sensing Systems, Inc. ISNS 22.58% shares dropped 26 percent to $3.5001 after reporting earnings were down year over year. First quarter earnings came in flat, down from 4 cents per share in the same quarter of last year. Sales came in at $3.01 million.
Shares of Vipshop Holdings Limited VIPS 17.33% were down 18 percent to $12.335 after the company reported weaker-than-expected earnings for its first quarter on Monday.
Restoration Robotics, Inc. HAIR 15.23% was down, falling around 16 percent to $3.61 after reporting a first-quarter earnings miss.
In commodity news, oil traded up 1.13 percent to $71.76 while gold traded down 0.94 percent to $1,305.80.
Silver traded down 1.65 percent Tuesday to $16.37, while copper fell 0.15 to $3.0885..
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.28 percent, the Spanish Ibex Index fell 0.27 percent, while Italy’s FTSE MIB Index rose 0.43 percent. Meanwhile the German DAX rose 0.13 percent, and the French CAC 40 climbed 0.38 percent while U.K. shares rose 0.45 percent.
U.S. retail sales rose 0.3 percent for April, versus economists’ expectations for a 0.4 percent gain.
The Empire State manufacturing index climbed to a reading of 20.1 in May, versus 15.8 in April However, economists expected a reading of 15.
The Johnson Redbook Retail Sales Index rose 0.8 percent during the first week of May versus April.
U.S. business inventories were unchanged for May, versus economists’ expectations for a 0.3 percent rise.
The NAHB housing market index rose to 70.00 in May, versus revised reading of 68. Economists projected a reading of 70.00.
The Treasury is set to auction 4-week bills at 1:00 p.m. ET.
Federal Reserve Bank of San Francisco President John Williams will speak at 1:10 p.m. ET.
The Treasury International Capital report for March is schedule for release at 4:00 p.m. ET.