Wall Street

Dow edges up on retail earnings boost

Published by
Reuters

By Bansari Mayur Kamdar and Susan Mathew (Reuters) – The Dow inched higher on Tuesday as results from Walmart and Home Depot lifted the retail sector, while a slide in megacap growth stocks and signs of a slowing global economy weighed on the Nasdaq and the S&P 500. Boosting the blue-chip Dow, Walmart Inc rose 5.3% as the world’s largest retailer forecast a smaller drop in full-year profit than previously projected. The S&P 500 retail sector gained 0.5% in early trading. Home Depot Inc added 1.7% as it surpassed estimates for quarterly sales after demand from builders and higher prices helped …

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