U.S. Market Review

U.S. stocks eased on Tuesday after three sessions of rallies weighed by losses in financial companies.

The Fed reduced 25 basis points in July, after comments from Chairman Jerome Powell indicating in a possible rate reduction.

Dow and the S&P-500 indexes were tempered by a 3.9% rise in Home Depot Inc (HD.N).

Shares of Netflix Inc (NFLX.O) the most significant drag on the S&P-500, after slipping 3% after Walt Disney Co (DIS.N) announced its streaming service would launch in Canada and the Netherlands on November.

Home Depot announced quarterly earnings of $3.17 per share, 9 cents per share above forecasts. Revenue sunk below estimates, however, and a comparable-store sales surge of 3% was below the 3.5%.

Home Depot said its sales were impacted by declining lumber prices, and it cut its full-year sales forecast.

Around 10:00 a.m. EST, the yield on the benchmark 10-year Treasury note, tumbled at around 1.5554%, while the yield on the 30-year Treasury bond was also lower at around 2.041%.