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 $4.69, or 3%, 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 tilt to the Dow. Home Depot’s 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 2 points, or less than 0.1%, at 21,998, while the S&P 500 index was off about 0.1% at 2,464, and the Nasdaq Composite Index was off 0.1% at 6,336. 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, before retreating in late-morning trade.
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