The Dow Jones Industrials gained 74.95 points to kick off Tuesday at 33,987.38.
The S&P 500 dipped 10.17 points to 4,286.97.
The NASDAQ Composite slumped 104.33 points, or to 13,023.73.
Walmart reported earnings per share that beat analyst expectations and stuck with its second-half outlook, which sent the stock up 5%. Home Depot reported earnings that beat expectations and maintained its 2022 guidance.
Retail earnings continue with reports from Target and Lowe’s due out Wednesday.
Elsewhere, shares of ZipRecruiter slipped 7% after the company lowered its revenue outlook.
Wall Street is coming off a solid session, with the major averages all rising Monday after a sharp intraday turnaround. The move higher built on the market’s rally off a June low.
Treasury prices were down, raising yields to 2.87% from Monday’s 2.80%. Treasury prices and yields move in opposite direction.
Oil prices lost 25 cents to $89.16 U.S. a barrel.
Gold prices fell $7.80 to $1,790.30 U.S. an ounce.
Markets Subside on Retail Earnings