Tuesday Morning Stock Market Movers: Amazon, CVS, Walgreens, Walmart

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Stocks take a little breather on Tuesday as investors look for economic data to hit the wires all day. Big box retail revenues are also in focus

Dow Jones industry average

The futures fell 203 points, or 0.7%, to 29,660.

S&P 500

Futures were down 0.6%

Nasdaq Composite

The futures rose 0.2%. The 10-year government bond yield fell to 0.88%. Crude oil fell 0.3% to $ 41.21 a barrel. Between Thursday and Monday, the S&P 500 rose 2.6%.

Retail sales rose 0.3% in October versus September, with forecasts missing for 0.5% and down from 1.6%. They increased by 5.7% compared to the previous year.

Tuesday,

Walmart

(WMT) reported profits, beating estimates in both the upper and lower ranges. Revenue grew more than 5% to $ 134 billion on sales of 6.4% in the same store. With 3.9% sales in the same store, it was estimated at $ 132 billion. Walmart reported earnings of $ 1.34 per share versus estimates of $ 1.18. Digital sales increased by 79% compared to the previous year. Walmart shares rose 0.2%. The result was up 10%.

Investors may be aware that the consumer may be replenishing their pantries before a potentially long winter with increasing virus cases.

target

(TGT), which posted profits on Wednesday, rose 0.1%.

Costco

(COST), which rose 1.8% in December following the announcement of a special dividend.

Home Depot

(HD) stocks were down 1.3% after the company beat sales and earnings estimates. Revenue was $ 33.5 billion, up over the estimated $ 32 billion. Home Depot reported earnings of $ 3.18 per share, beating forecast for $ 3.06. The stock was up just 3.8% between October 30 and Monday’s close of trading, trailing large-cap stocks. The company had another strong quarter for home improvement products as housing construction hit a pandemic and low-interest tailwind.

Tesla

(TSLA) stocks rose 13% as S&P said it will add the stock to the S&P 500 index.

Amazon

(AMZN) shares rose 2% after the company announced it was opening an online pharmacy. The new competition created stocks of

CVS health

((

CVS

) to fall by 7.8% while.

Walgreens Boots Alliance

(WBA) declined 10.6%.

Write to Jacob Sonenshine at [email protected]

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