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The S&P 500 and the Nasdaq opened lower on Tuesday as investors assessed results from retailers Walmart and Home Depot, while signs of a slowing global economy continued to keep markets on edge.
The Dow Jones Industrial Average rose 30 points, or 0.09%, while the S&P 500 slipped 0.15% and the Nasdaq Composite fell 0.29%.
Reports showed a bigger-than-expected drop in US home construction, while production at US factories increased in July for the first time in three months.
Walmart reported earnings per share that beat analyst expectations, sending the stock up 5%. The company also stuck with its second-half outlook. Home Depot reported earnings that beat expectations and maintained its 2022 guidance.
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