The S&P 500 snapped its six-day winning streak on Tuesday, weighed down by profit-taking in technology shares and mixed corporate results.
Market Movements and Sector Highlights
The Dow fell 114 points (0.3%), the S&P 500 slid 0.4%, and the Nasdaq Composite dropped 0.4% as investors digested retail earnings and reframed growth expectations. Financials and industrials held up better, while tech names saw the most selling pressure. You can track which stocks are driving volume and performance in real time with FMP’s Market – Most Active API.
Retail Earnings Signal Consumer Resilience
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Home Depot (HD) reaffirmed its full-year outlook and beat Q1 revenue estimates, with CFO Richard McPhail confirming there are no planned tariff-driven price hikes—unlike Walmart’s recent warning of forthcoming increases.
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Toll Brothers (TOL) will report results after the close; add the date to your calendar via the Earnings Calendar API to catch guidance for the housing sector.
Tesla’s Share Gains and Executive Commitment
Tesla shares finished slightly higher after Elon Musk pledged to remain CEO for at least five more years, calming investor concerns about leadership distractions and reaffirming focus on vehicle launches and the Optimus robotics program.
Policy Watch: Tax Bill and Fed Commentary
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Tax Legislation: A House committee cleared the Trump-backed tax cut bill over the weekend. Its passage could add $3–5 trillion to the deficit, keeping a spotlight on fiscal headlines.
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Fed Speak: St. Louis Fed President James Bullard called recent tariff-driven inflation “transitory,” underscoring the Fed’s current pause on rate moves and helping anchor rate expectations.
Actionable Takeaways:
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Monitor Earnings Catalysts: Use the Earnings Calendar API to stay ahead of key retail and homebuilder updates.
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Watch Volume Leaders: The Market – Most Active API can help you time entries and exits as sector rotations accelerate.
