Dow Home Depot Drops, Tesla Drops Up on S&P Inclusion


The stock was low on Tuesday morning as investors weighed results from Home Depot and Walmart.

The Dow Jones Industrial Average fell more than 240 points, or 0.8%, weighed by two Dow retail members. The S&P 500 was down about 0.5% from its worst level of the session.

The anchor Security The last Change Change %
Me: DJI Dow jones average 29743.75 -206.69 -0.69%
HD Home department congress 271.45 -8.48 -3.03%
WMT WalMART Inc. 152.28 -0.41 -0.27%
SP500 S&P 500 3609.03 -17.88 -0.49%

Shares of Home Depot were down about 3%, despite a solid quarter that noted expenses would increase by $ 1 billion after the home improvement chain as it worked to bring in more employees.

Walmart reported strong results, beating expectations with a 79% jump in e-commerce sales. Shares were less than 1%.

Walmart saw coronavirus boast

Tesla was a standout, rallying 9% on it to be added to the S&P 500 in December, a much-awaited development for investors and CEO Elon Musk. The Nasdaq Composite was slightly changed in early trading.

Elon Music is being added to the TESLA S&P 500

The anchor Security The last Change Change %
TSLA TESLA INC. 437.04 28.95 + 7.09%
Me: comp NASDAQ Composite INDEX 11883.863198 -40.27 -0.34%

Dow, SP and Hit Hit Model-19 on COD, Transports and Small Cap Fall Suits

AMAZON PHARMACY

Amazon said it is offering a pharmacy business, prescriptions and other health care items to Prime members for free. The announcement put pressure on traditional drugstore stocks such as CVS and Walgreens.

The anchor Security The last Change Change %
AMZN AMAZON.COM INC. 3,146.95 15.89 + 0.51%
Cvs CVS Health Corporation 67.68 -5.79 -7.88%
Wba Walgren BOOTS Coalition Congress 40.14 -3.96 -8.98%

AMAZON ENTER PHARMACY BUSINESS

Economic data

October retail sales fell short of expectations, excluding auto sales, rising 0.3% and 0.2%. Economists expected growth of 0.5% and 0.5% respectively.

The import price for October dropped to -0.1% and excluding oil rose 0.1%. Export prices, excluding agriculture, rose 0.2% and remained flat.

Industrial production for October is expected to rise by 0.9% by economists, while trade inventories for September are expected to increase by 0.5%.

The NAHB Housing Market Index continued to show optimism, with a reading for November of 90 above 85.

Click here to read more stories on Fox business

CRUDE DIPS

Crude oil slipped to $ 41.28 a barrel on Tuesday. Gold also lost 0.1% to $ 1,886 an ounce.

Click Here To Get Fox Business On Go

Leave a Reply