Retail Earnings and Tech Slumps Weigh on Markets as Tariff Concerns Loom

U.S. equities showed mixed performance Tuesday, with the S&P 500 and Nasdaq Composite retreating as Home Depot kicked off a crucial retail earnings season. The Dow Jones Industrial Average held steady, while technology stocks faced pressure—Palantir slid 6% and AMD dropped over 4% amid broader sector weakness.

Home Depot's earnings miss was overshadowed by its return to U.S. same-store sales growth, signaling potential recovery in the housing sector. Market participants now await results from Target and Walmart for clues on consumer resilience under new tariff regimes.

Intel bucked the tech downturn, rising on SoftBank's $2 billion investment as the chipmaker attempts its turnaround. The MOVE comes amid reports of potential government support for domestic semiconductor firms.