U.S. stock indexes fell Tuesday as July retail sales declined, another sign the economy may be slowing a bit in the face of a COVID resurgence.
The Dow Jones Industrials stumbled 328.75 points from Monday's all-time record to 35,296.65.
The S&P 500 dumped 40.98 points to 4,438.73,
The NASDAQ slipped 187.15 points, or 1.3%, to 14,606.61.
Home Depot fell roughly 5% after reporting second-quarter results, weighing on the Dow. While quarterly earnings topped estimates, same-store sales rose 4.5% in the period, below the 5% consensus estimate of analysts polled by StreetAccount. U.S. same store sales increased by just 3.4%.
Walmart shares inched higher after second-quarter earnings topped estimates. The retailer gained ground in groceries and reported a strong start to the back-to-school season.
Elsewhere, health care shares saw strength with the S&P 500 Health Care Sector hitting a record high. United Health, Merck and Johnson & Johnson all traded in the green.
Meanwhile, technology names trended lower. Big Tech shares, including Google-parent Alphabet, Amazon, Apple and Facebook, traded in the red.
Retail sales declined 1.1% in July, a steeper drop than the 0.3% dip expected by economists surveyed by Dow Jones. The Census Bureau revised June's reading to a 0.7% jump.
Prices for 10-Year Treasurys gained ground, lowering yields to 1.26% from Monday's 1.27%. Treasury prices and yields move in opposite directions.
Oil prices lost 39 cents to $66.90 U.S. a barrel.
Gold prices gulched $5.80 to $1,784.30 U.S. an ounce.