The Dow Jones Industrial Average and other major stock indexes traded lower on Tuesday, with the technology-heavy Nasdaq composite also down 0.1%. The decline came ahead of key inflation reports scheduled for release later in the week.
Tesla (TSLA) was an early loser, slipping 3% after its five-session win streak, during which it surged nearly 48% and reached an all-time high on November 4, 2021.
Home Depot (HD), On Holding (ONON), and Shift4 (FOUR) were among key earnings movers on Tuesday. Home Depot rose 0.3%, while On Holding fell 4%. Meanwhile, Honeywell (HON) jumped 4.5% after Bloomberg reported Elliott Investment Management has a $5 billion stake in the company.
The Dow Jones Industrial Average fell 0.2%, while the S&P 500 lost 0.1%. Nvidia, Apple, and Microsoft were among the best-performing stocks on Tuesday, with Nvidia rising 1.9% after falling from new highs Monday.
Federal Reserve Chairman Jerome Powell is due to speak on Thursday at 3 p.m. ET, and investor attention will shift to inflation reports this week.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-premarket-nasdaq-cpi-report-tesla-stock-tsla