Consumers were in focus on Tuesday as Home Depot and Walmart issued quarterly earnings.
 | TUE, NOV 16, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 151.00 | +1.00 | +0.67% | | INTC | 50.61 | +0.29 | +0.58% | | WMT | 143.17 | -3.74 | -2.55% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 19.79 | -0.07 | -0.35% | | AAPL | 151.00 | +1.00 | +0.67% | | AMD | 152.45 | +5.96 | +4.07% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | PTON | 54.85 | +7.36 | +15.50% | | AAPL | 151.00 | +1.00 | +0.67% | | AMD | 152.45 | +5.96 | +4.07% | |
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Consumers were in focus on Tuesday as Home Depot and Walmart issued quarterly earnings and retail sales data for October came in higher than expected. The major averages ended the session within shouting distance of their all-time highs. Consumers shrugged off concerns about higher prices and increased their spending in the month of October. Retail sales surged 1.7% for the month, driven by a number of categories from autos to sporting goods. That was compared to a 0.8% increase in the prior month.  Home Depot helped push the Dow higher after it reported results that topped Wall Street estimates, including net sales that rose 9.8%. Fiscal fourth-quarter sales are tracking higher than last quarter, according to the company. Home Depot gained 5.7% for the day. Walmart shares, however, were a notable decliner in the blue-chip index. The retailer also reported earnings and revenue that beat expectations. However, digital sales came up short, growing by 8%. Analysts forecasted a gain of 20.5%, according to Refinitiv. Walmart's shares ended the day 2.5% lower. Other retailers got a lift on Tuesday. Shares of Lowe's gained 4.2% and Target climbed 1.1%. Both are scheduled to report their quarterly results on Wednesday before the bell. |
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