Dow Jones stock markets showed a mixed performance Tuesday as the industrial average managed to edge higher while technology shares actually pulled broader indices down. Home Depot earnings provided some support to the Dow, and Dow Jones futures remained relatively steady right now as investors rotated away from struggling tech stocks that have been under pressure.

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Dow Jones Outperforms Amid Tech Weakness

Mixed Performance Across Major Indices

The Dow Jones stock markets today demonstrated resilience, rising 10.57 points to close at 44,922.39 for a modest 0.02% gain. This performance actually contrasted sharply with technology sector declines that were weighing on broader markets at the time.

Nasdaq Composite fell 1.46%, losing 314 points to close at 21,314.95, and this decline was driven primarily by semiconductor weakness. The S&P 500 also declined 0.58%, dropping 37.70 points to 6,411.45, as tech stocks pressured the index throughout the session.

Home Depot Earnings Drive Retail Optimism

Home Depot earnings boosted Dow Jones stock markets even though the retailer posted some disappointing quarterly results. The company actually shifted its stance on tariffs, indicating that modest price rises were now likely as customers continued to hold off on larger projects.

The Home Depot earnings report set the tone for upcoming retail results from companies like Lowe’s, Target, and also Walmart. Home Depot’s rally actually lifted rival Lowe’s shares as well, which demonstrates how interconnected the retail sector can be right now.

Semiconductor Stocks Face Selling Pressure

Technology stocks faced broad selling pressure during the session, with AMD falling 5.44% and both Nvidia and Broadcom declining 3.55%. Dow Jones futures live patterns reflected this sector rotation away from tech that was happening throughout the day.

Intel provided an exception though, surging 7% after SoftBank’s $2 billion investment announcement. The boost comes as government discussions continue about taking stakes in chip companies, which has been adding some uncertainty to the sector.

Economic Outlook and Market Direction

Andrzej Skiba, head of the BlueBay US Fixed Income team at RBC Global Asset Management, had this to say:

“We expect this year’s Jackson Hole meeting to offer an opportunity for Powell to again nod towards monetary easing. While there are some hot spots in this month’s inflation reading, it’s probably not enough to deter the doves on the committee.”

Treasury yields actually fell to 4.301% as S&P Global Ratings maintained the US credit rating. The Home Depot earnings impact on Dow Jones stock markets highlighted defensive sector strength as real estate gained 1.8% and utilities rose 0.83%.

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Fed funds futures are pricing in an 85% likelihood of September rate cuts right now, which is supporting the Dow Jones futures outlook as investors await Powell’s Friday remarks for monetary policy guidance.