The Dow Jones Industrial Average gave up slight gains in early trade to negative on Tuesday, as shares of Home Depot pressured the equity gauge. Home Depot’s stock was down $4.40, or 2.8%, and slicing approximately 30 points from the price-weighted Dow . A price move of about $1 in any of its 30 components equates to a roughly 6.85-point tilt in the Dow. A slide in shares of Chevron Corp., falling in line with crude-oil prices , and Nike Inc. weighed on the average, combining to exert a roughly 40-point weight on the Dow. Home Depot’s share decline came even as the home-improvement retailer Home Depot Inc. raised its outlook for the second time this year as it reported better-than-expected second-quarter results. Overall, the Dow was up 10 points, or less than 0.1%, at 22,004, while the S&P 500 index was little changed at 2,465, and the Nasdaq Composite Index was off less than 0.1% at 6,337. All three major benchmarks had opened slightly higher and were on track to book their third straight gain as tensions between the U.S. and North Korea ease and as a batch of economic reports, including retail sales, came in better than expected.
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