Wall Street: Dow, S&P 500 gain on retail earnings boost; US yields rise

Walmart sees smaller profit drop this year; Home Depot beats sales estimates; US yields rise as retail data points to more Fed tightening

Strong earnings from Walmart and Home Depot helped drive gains in the Dow Jones and the S&P 500 indexes on Tuesday.

Walmart Inc shares rose 5.9% after the world's largest retailer also forecast a smaller drop in full-year profit than previously projected.

Home Depot Inc added 5.4% as it surpassed estimates for quarterly sales on steady demand from builders as well as price hikes.

The two heavyweight stocks contributed to the S&P 500 retail sector's 2.1% gain.

"These companies are beating reduced or at least modestly reduced expectations," said Jason Pride, CIO for private wealth at Glenmede.

"Arguably, it is unexpected to some degree to