 "NYSE, Wall Street")
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
Disclaimer: No Business Standard Journalist was involved in creation of this content
