Stock Market Today: Dow Dives 697 Points After Home Depot Revenue Miss

While Home Depot earnings disappointed, fellow blue-chip retailer Walmart climbed after its quarterly results.

Home Depot storefront
(Image credit: Getty Images)

It was a rough start to the holiday-shortened week as rising geopolitical tensions between the U.S. and Russia – and a rare revenue miss from Home Depot (HD) – sent stocks tumbling Tuesday. 

Investors also got hit with some stronger-than-expected economic data, which heightened fears that the Fed could keep interest rates higher for longer. All of this sparked a risk-off session that resulted in substantial losses for the major benchmarks. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.