( Reuters) – The S&P 500 and Dow Jones indexes reduced on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a combined set of quarterly arise from sellers consisting of House Depot and Walmart.
SUBMIT PHOTO: A guy uses a protective mask as he walks on Wall Street throughout the coronavirus break out in New york city City, New York, U.S., March 13,2020 REUTERS/Lucas Jackson/File Photo
Home improvement chain Home Depot ( HD.N) fell 1.9%as it missed out on quarterly revenue price quotes due to higher expenses, while outlet store operator Kohl’s Corp ( KSS.N) dropped 6.1?ter reporting a bigger-than-expected loss.
Walmart Inc ( WMT.N), on the other hand, got 1.7?ter publishing a jump in first-quarter U.S. comparable sales as online sales soared due to stockpiling of essentials during the coronavirus-related lockdown.
” Home Depot’s revenues report shows we should not presume companies deemed essential with a strong online presence are completely immune from the results of the virus,” said Mike Loe