U.S. stock indexes fell Tuesday as July retail sales declined and concerns about slowing global economic growth intensified.
The Dow Jones Industrials stumbled 282.12 points from Monday's all-time record to 35,343.28.
The S&P 500 dumped 31.63 points to 4,448.08.
The Dow and the S&P 500 each snapped five-day win streaks. Still, Tuesday's losses came after the two indexes closed at record highs in the prior session.
The NASDAQ slipped 137.58 points to 14,656.18.
Home Depot fell more than 4% 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, then traded near the flatline after second-quarter earnings topped estimates. The retailer gained ground in groceries and reported a strong start to the back-to-school season.
Disappointing economic data from China on Monday intensified concerns about a slowdown in global growth. Chip stocks tumbled for a second day on Tuesday with the iShares Semiconductor ETF down roughly 2% and Nvidia about 2% lower. Shares of Tesla and Boeing, both also heavily reliant on China as a growth market, declined.
Meanwhile, technology names trended lower. Big Tech shares, including Google-parent Alphabet, Amazon, Apple and Facebook, traded in the red.
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.
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 53 cents to $66.76 U.S. a barrel.
Gold prices unloaded $2.80 to $1,787.00 U.S. an ounce.