U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 1.5% on Tuesday.
The Dow traded down 0.14% to 43,401.71 while the NASDAQ fell 1.46% to 19,005.00. The S&P 500 also fell, dropping, 0.77% to 5,936.91.
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Leading and Lagging SectorsConsumer staples shares jumped by 1.8% on Tuesday.
In trading on Tuesday, consumer discretionary shares fell by 1.9%.
Top Headline
Home Depot Inc (NYSE:HD) reported better-than-expected fourth-quarter 2024 results and provided its 2025 outlook.
HD reported fourth-quarter sales growth of 14.1% year-over-year to $39.70 billion, beating the consensus estimate of $39.14 billion. Adjusted EPS was $3.13 (+9.4% year over year), beating the consensus of $3.00.
For 2025, Home Depot said it expects total sales growth of 2% year-over-year, reaching $163.98 billion, slightly below the consensus of $164.17 billion. The company projects adjusted EPS to decline by about 2%, from $15.24 to $14.94, falling short of the $15.57 consensus estimate.
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CommoditiesIn commodity news, oil traded down 2.8% to $68.74 while gold traded down 1.8% at $2,910.00.
Silver traded down 2.6% to $31.760 on Tuesday, while copper rose 0.1% to $4.5210.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, Germany's DAX 40 fell 0.1% and France's CAC 40 fell 0.5%. Spain's IBEX 35 Index rose 0.8%, while London's FTSE 100 rose 0.1%.
Asia Pacific Markets
Asian markets closed mostly lower on Tuesday, with Japan's Nikkei falling 1.39%, China's Shanghai Composite Index falling 0.80%, Hong Kong's Hang Seng Index dipping 1.32% and India's BSE Sensex gaining 0.20%.
Economics
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