US shares slide ahead of corporate earnings reports

Shares shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and company earnings reports. The S&P 500 retreated by 0.9%, extending its losing to a third consecutive day. All of the benchmark index’s 11 company sectors closed in the red territory.

US equities were lower at the close on Tuesday, as losses in the Oil & Gas, Technology and Healthcare sectors dragged shares lower. At the close time, the Dow Jones Industrial Average fell 0.62%, while the S&P 500 index lost 0.92%, and the Nasdaq Composite index fell 0.95%.

The biggest gainers of the session on the Dow Jones Industrial Average were Boeing Co, which surged by 7.42% or 10.16 points to trade at 147.15 at the close. Walgreens Boots Alliance Inc added 1.44% or 0.54 points to end at 37.97 and 3M Company was up 0.92% or 1.19 points to 130.20 in late trade.

Biggest losers included Salesforce.com Inc, which lost 4.61% or 8.03 points to trade at 166.33 in late trade. Microsoft Corporation declined 4.10% or 10.84 points to end at 253.67 and The Travelers Companies Inc shed 1.92% or 3.24 points to 165.28.

The top performers on the S&P 500 were American Airlines Group which rose 9.98% to 14.77, United Airlines Holdings Inc which was up 8.09% to settle at 38.23 and Carnival Corporation which gained 7.54% to close at 9.13.

The worst performers were ServiceNow Inc which was down 13.09% to 426.19 in late trade, Enphase Energy Inc which lost 8.05% to settle at 189.47 and Paycom Soft which was down 6.70% to 298.50 at the close.

The top performers on the NASDAQ Composite were Sharps Compliance Corp which rose 196.14% to 8.44, Canoo Inc which was up 53.16% to settle at 3.63 and Rhythm Pharmaceuticals Inc which gained 42.22% to close at 6.67.

The worst performers were United Maritime Corp which was down 38.28% to 4.37 in late trade, VOXX International Corporation which lost 26.13% to settle at 6.73 and Kaspien Holdings Inc which was down 22.47% to 5.28 at the close.