Dow futures fall slightly after 30-stock average snaps 5-day winning streak

Dow futures slipped slightly in overnight trading on Tuesday after the 30-stock average snapped a 5-day winning streak in the regular session. Dow futures fell 50 points. S&P 500 futures dipped 0.1% and Nasdaq 100 futures dropped 0.15%. On Tuesday, the major averages dipped following a decline in retail sales. The Dow Jones Industrial Average lost 282 points, dragged down by a 4.3% drop in Home Depot’s stock. The average had its first negative day in 5.

The S&P 500 also slipped 0.7% for its worst day since July 19. The Nasdaq Composite was the relative underperformer, dropping 0.9% as Facebook, Amazon, Apple and Google-parent Alphabet all closed lower. The small cap benchmark Russell 2000 dropped 1.2% on Tuesday.

Stock trading app Robinhood releases its first earnings report as a public company on Wednesday after the bell. The Federal Open Market Committee publishes its meeting minutes from its July meeting on Wednesday at 2 p.m. ET. Markets participants will be looking for clues about the central bank’s stance on inflation and when it could suspend it bond buying program.

Dow futures fall slightly after 30-stock average snaps 5-day winning streak, CNBC, Aug 18