Dow Jones Industrial Average falls 102 points
The Dow dropped 102.20 points, or 0.36% to close at 27,934.02. The S&P 500 fell 0.06% to end at 3,120.18. The Nasdaq Composite advanced 0.24% to 8,570.66. The major averages hit new records but losses from Home Depot and Boeing pushed the Dow off those levels.
Home Depot drops on sales miss
Home Depot shares slid 5.44% after the company reported same-store sales that disappointed investors. Meanwhile, Boeing dropped 0.67% after the National Transportation Safety Board recommended the airplane maker . Those losses led to the Dow’s biggest decline of the month. However, continuing bets that a U.S.-China trade deal will get done kept the major averages around record levels.
Kohl’s tanks on earnings, Slack falls
What happens next?
Investors will turn their attention on Wednesday to minutes from the Federal Reserve’s meeting last month in which they cut interest rates for a third time this year. Meanwhile, Target and Lowe’s are set to report earnings. Read more here.