Stocks: Home Depot, Kohls, Energy Shares Weigh on Market

Investing.com – Stocks struggled to keep the big rally moving Tuesday, but weakness in retail stocks pulled the lower and kept the in check.

The hit a new intraday high but just missed a new record close and sixth straight gain. The and indexes did close at record levels and hit new intraday highs.

The fell 0.36% because of weak results and guidance from Home Depot (NYSE:). The 102-point loss was the first for the blue chips since Oct. 18.

The closed off about two points, or 0.06%, with the Nasdaq up 0.24% and the up 0.12%.

Home Depot (NYSE:) shares fell 5.4% and subtracted 88 points from the by itself. Discount department store chain Kohls (NYSE:) fell a whopping 19.5% after missing Street estimates for fiscal third-quarter earnings.

The problems of the two stocks spread across retailing generally, causing declines in shares of Walmart (NYSE:), Macy’s (NYSE:) and Lowe’s Companies (NYSE:), which reports quarterly results on Wednesday.

Commodity prices reacted to a threat by President Donald Trump to boost tariffs beyond levels scheduled to take effect on Dec. 15. moved higher, but moved lower. crude fell 3.1% in New York.

Oil stocks tumbled with crude and were the other big weight on stocks after retailers. Chevron (NYSE:), Exxon Mobil (NYSE:), Apache (NYSE:), Devon Energy (NYSE:) and Halliburton (NYSE:) were all lower.

But, overall, stock investors seemed less alarmed by the Trump threat.

Some good news hit the markets with bullish reports on housing starts and building permits, which should be helped by lower interest rates.

Boeing (NYSE:) shares were lower, however, after reporting new orders for its troubled 737 MAX jetliner and 787 Dreamliner.

Slack Technologies (NYSE:) shares slumped after Microsoft (NASDAQ:) said some 20 million people now use its Teams messaging service, up 50%-plus since July. Microsoft was higher.

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