US close: Stocks extend losses despite some solid earnings

(Sharecast News) - Wall Street stocks closed lower on Tuesday as market participants ignored solid quarterly earnings reports from some of the nation's largest companies.
At the close, the Dow Jones Industrial Average was down 0.75% at 33,821.30, while the S&P 500 was 0.68% weaker at 4,134.94 and the Nasdaq Composite started out the session 0.92% softer at 13,786.27.

The Dow closed 256.33 points lower on Tuesday, extending losses recorded in the previous session amid a sell-off in tech stocks.

Corporate earnings were firmly in focus again on Tuesday, with Procter & Gamble beating earnings expectations amid an uptick in beauty products sales, while Johnson & Johnson posted $100.0m in quarterly sales of its Covid-19 vaccine, helping both earnings and revenue beat Wall Street expectations.

Travellers Companies was also in the spotlight after posting quarterly earnings that topped expectations on the Street as the group also raised its quarterly cash dividend and approved an additional $5.0bn of share buybacks.

Elsewhere, CSX beat on revenues but fell short on earnings, while Netflix's latest earnings revealed the streaming giant fell well and truly short of expectations for new subscribers last quarter.

No major data points were released on Tuesday.

Dow Jones - Risers

International Business Machines Corporation (CDI) (IBM) $138.16 3.79%
Johnson & Johnson (JNJ) $166.46 2.33%
Unitedhealth Group Inc. (UNH) $396.70 1.72%
Amgen Inc. (AMGN) $259.14 1.24%
Merck & Co. Inc. (MRK) $78.57 1.17%
Travelers Company Inc. (TRV) $155.73 0.87%
Procter & Gamble Co. (PG) $137.75 0.83%
Walmart Inc. (WMT) $140.79 0.77%
McDonald's Corp. (MCD) $233.01 0.52%
Coca-Cola Co. (KO) $54.17 0.31%

Dow Jones - Fallers

Boeing Co. (BA) $234.06 -4.13%
Nike Inc. (NKE) $127.11 -4.12%
Goldman Sachs Group Inc. (GS) $331.88 -3.27%
Dow Chemical Co. (DOW) $62.48 -3.21%
Walt Disney Co. (DIS) $182.79 -2.48%
American Express Co. (AXP) $145.10 -2.32%
JP Morgan Chase & Co. (JPM) $149.27 -2.21%
Caterpillar Inc. (CAT) $227.63 -2.05%
Cisco Systems Inc. (CSCO) $51.79 -2.01%
Chevron Corp. (CVX) $101.33 -1.87%

S&P 500 - Risers

Kansas City Southern (KSU) $295.56 15.25%
Harley-Davidson Inc. (HOG) $46.19 4.29%
International Business Machines Corporation (CDI) (IBM) $138.16 3.79%
Dover Corp. (DOV) $144.86 3.15%
Atmos Energy Corp. (ATO) $104.59 2.70%
Iron Mountain Inc (New) (IRM) $39.49 2.62%
Philip Morris International Inc. (PM) $94.00 2.54%
Ameren Corp. (AEE) $85.89 2.51%
Kimberly-Clark Corp. (KMB) $142.39 2.49%
Evergy, Inc. (EVRG) $64.81 2.48%

S&P 500 - Fallers

TripAdvisor Inc. (TRIP) $47.50 -10.39%
United Airlines Holdings Inc (UAL) $50.30 -8.53%
Zions Bancorporation (ZION) $52.35 -6.52%
Xerox Corp. (XRX) $23.72 -6.36%
Alliance Data Systems Corp. (ADS) $102.01 -6.01%
Apache Corp. (APA) $17.00 -5.92%
Albemarle Corp. (ALB) $148.52 -5.70%
American Airlines Group (AAL) $20.37 -5.48%
Occidental Petroleum Corp. (OXY) $23.20 -5.46%
Ford Motor Co. (F) $11.45 -5.45%

Nasdaq 100 - Risers

Incyte Corp. (INCY) $84.55 2.27%
Biogen Inc (BIIB) $273.20 1.54%
Charter Communications Inc. (CHTR) $652.46 1.25%
Amgen Inc. (AMGN) $259.14 1.24%
Paychex Inc. (PAYX) $97.51 1.12%
Regeneron Pharmaceuticals Inc. (REGN) $504.75 1.01%
J.B. Hunt Transport Services Inc. (JBHT) $168.43 0.90%
Mondelez International Inc. (MDLZ) $59.21 0.89%
Electronic Arts Inc. (EA) $140.86 0.88%
Cerner Corp. (CERN) $75.30 0.83%

Nasdaq 100 - Fallers

American Airlines Group (AAL) $20.37 -5.48%
Booking Holdings Inc. (BKNG) $2,345.00 -4.53%
Marriott International - Class A (MAR) $141.97 -4.01%
Hologic Inc. (HOLX) $73.84 -3.70%
Wynn Resorts Ltd. (WYNN) $121.64 -3.67%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $316.94 -3.45%
eBay Inc. (EBAY) $61.79 -3.14%
JD.com, Inc. (JD) $74.55 -3.12%
Expedia Group Inc. (EXPE) $170.46 -2.94%
Microchip Technology Inc. (MCHP) $149.73 -2.79%