The Closing Look

Stocks slid on Tuesday as investors digested a slew of earnings data. Consumer stocks fell hard, especially stocks that depend on people buying things for their home after reporting disappointing earnings. Sherwin-Williams (SHW), Whirlpool (WHR) and Masco (MAS), were some of the stocks that fell hard on Tuesday. On the economic front, consumer confidence came in at 98.6, missing the Street’s forecast of 101.5. Meanwhile, U.S. home prices edged higher in August from July, with the S&P CoreLogic Case-Shiller 20-City Composite index rising by 5.1% year over year. The major indices continue going nowhere fast as investors wait for more earnings and economic data.

Gary’s Thoughts: Apple aftermarket less than stellar. Watching all housing-related stuff. That was some ugly action.