US stocks end in the red as Dow and S&P snap winning streaks

4.05pm: Wall Street loses steam at the close Both the Dow Jones and the S&P 500 snapped their winning streaks by Tuesday's close after a slew of mixed earnings sent investors running from the tech sector. A monthly report on retail sales also offered a disappointing glimpse at consumer spending, which slowed down during the month of July. At the close, the Dow Jones Industrial Average had lost 282 points to finish at 35,343, a 0.79% slide, and the S&P 500 echoed that pattern with a 32-point loss to finish 0.71% lower at 4,448 points. Unsurprisingly, given the tech woes, the Nasdaq fell 138 points or 0.93% to finish at 14,656. 12:05pm: Tech stocks pushed indexes lower at midday After Monday’s record setting close, markets fell into the red by midday Tuesday weighed down by muted tech sector earnings and Home Depot’s projection miss. By lunch the Dow Jones Industrial Average had shed 337 points (0.95%) and was holding at 35,287; while the S&P 500 was down 38 points sitting at 4,441. More economic data, this time out of the US, paints a picture of a slowing global recovery which is likely to weigh on investor sentiment. As will the developing situation in Afghanistan and rising Delta variant cases in North America and Europe. 11.10am: Proactive North America headlines: AIM ImmunoTech is well positioned with $57.3M to execute on its corporate strategy and advance clinical trials Victory Square Technologies provides corporate update showing continued growth HealthLynked (OTCQB:HLYK) grows patient volume, time of service collections and revenue as it reports 2Q results KULR Technology Group posts large 2Q revenue increase on the back of new sales contracts for its battery technologies CleanSpark posts results for three and nine-month periods ended June 30, 2021, showing very strong revenue growth and a big boost to working capital Versus Systems says “teams have merged well” after “transformative” acquisition of Xcite Interactive Logiq posts $8.3M in 2Q revenue as it shifts focus to high margin revenue streams BioLargo sees an 11% year-over-year rise in consolidated revenue PyroGenesis Canada posts 2Q results showing year-over-year revenue growth of 289%; inks contract for two Air Plasma Torch systems Phunware collaborates with Cox Communications to bring the company’s Digital Front Door to Cox Business healthcare customers NexTech AR Solutions announces launch of its next-generation Ad technology Kintara Therapeutics (NASDAQ:KTRA) says VAL-083 treatment arm in the Phase 2/3 clinical trial for glioblastoma multiforme now activated in 26 US sites Cloud DX (TSX-V:CDX, OTCQB:CDXFF) says subscription revenue was up 90% for fiscal 2Q 2021 Delta 9 Cannabis appoints Dr David Kideckel to newly created position as executive vice president, Head of Strategy, Corporate Development & Capital Markets Alternus Energy grows annual recurring revenues and asset base in second quarter The Parent Company (OTCQX:GRAMF, NEO:GRAMU) says Troy Datcher will be appointed its new chief executive officer with effect from September 8, 2021 Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) says its common shares can now be traded on Wealthsimple Trade Northstar Gold releases high-grade intercepts from ongoing exploration at the Miller Gold project American Resources expects full year 2021 revenue to be in $35M to $60M range; confident of ramp-up to 2022 EVmo (OTC:YAYO) posts record revenue in second quarter as it continues journey to disrupt rideshare market Boosh Plant-Based Brands says its entire line of frozen 'Heat n Eat' bowls and entrees now available at all Whole Foods Market locations across Canada Vox Royalty (TSX-V:VOX) eyeing catalyst-rich second half as it posts record quarter Elys Game Technology sees triple-digit revenue growth in 2Q, thanks to strong European operations Aequus Pharmaceuticals and reVision Therapeutics in collaboration to develop therapy for Stargardt disease Manganese X says graphite-focused spin-out has been conditionally approved to list on TSXV Empower Clinics' MediSure gets Health Canada Medical Device Establishment Licence to source medical devices globally Naturally Splendid signs definitive agreement with Flexitarian Foods to become exclusive Canadian manufacturer and distributor for an extensive line of plant-based, meat-alternative products Arcadia Biosciences sees five-fold revenue growth in 2Q as it records first consumer brand sales Bragg Gaming takes ORYX Hub content live with Admiral Bet in Serbia, significantly enhancing the operator’s offering Mydecine Innovations finishes 2Q with C$7M in cash after busy research period pinpoints four new lead drug candidates Unigold’s latest drill results demonstrate “high-grade mineralization” at Candelones Vyant Bio (NASDAQ:VYNT) ends 2Q with $26.5M to build a robust pipeline of novel therapeutics targeting neurological disorders and cancers Psyched Wellness (CSE:PSYC, FRA:5U9, OTCQB:PSYCF) submits applications to US Patent and Trademark office for four further provisional patents surrounding its flagship AME-1 product Biocept reports profitability for the first half on back of increased COVID-19 testing The Valens Company (TSX:VLNS, OTCQX:VLNCF) boosts testing capabilities as it eyes international industry market expansion ME2C Environmental (OTCQB:MEEC) poised for more revenue growth in second half as emissions business continues to grow Binovi Technologies provides first response to unsolicited bid for the company by Captiva Verde Wellness 9.55am: Wall Street starts in the red US shares opened lower in New York. coming off recent highs, on the back of weak retail sales data for July. The Dow Jones Industrial Average dropped 250 points to 35,375. The broader-based S&P 500 fell nearly 25 points at 4,454, while the tech laden Nasdaq exchange shed over 95 points at 14,698. Data showed that retail sales fell 1.1% last month, and dropped down 0.4% after excluding autos.  Economists had reportedly expected a 0.3% monthly drop in sales in July, or a 0.2% gain when autos are excluded. Elsewhere, US industrial output was shown to be steady and was up 0.9% in July this year. In company news on Tuesday, DIY giant Home Depot Inc (NYSE:HD) shares dropped over 4% in early deals as  the retailer reported second-quarter profit and record sales that topped expectations but same-store sales that fell short of Wall Street expectations. The firm said less customers had visited in the fiscal second quarter as pandemic-fueled do-it-yourself projects had  tapered off. Contact the author at giles@proactiveinvestors.com 7.15am: US shares set to fall US stocks look set to ease further from recently hit all-time highs in early trade on Tuesday as investors await fresh earnings and data on the retail and manufacturing sectors. Futures for the Dow Jones Industrial Average were 0.6% lower, while those for the S&P 500 fell 0.5%, and the tech-laden Nasdaq-100 futures shed 0.4%. Investors are awaiting data and earnings that will offer insights into the health of the US retail sector. Retail sales, due at 8.30am ET, are expected to have weakened slightly in July as supply chain bottlenecks impact auto sales. Industrial production data is set to be released at 9.15am ET. Federal Reserve policymakers are moving toward an agreement to start scaling back their easy money policies in about three months if the economic recovery continues. The Wall Street Journal reported on Monday that Boston Fed President Eric Rosengren said in an interview he expected to see enough job growth by the September meeting to meet the criteria for reducing bond purchases. Some of the biggest US retailers are also reporting earnings this week. Home Depot shares fell ahead of the open after it reported a decline in sales; rivals Lowe’s Cos and Target will report on Wednesday. Six things to watch on Tuesday: BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas. US auto safety regulators on Monday opened a formal safety probe into Tesla Inc (NASDAQ:TSLA)'s driver assistance system Autopilot after a series of crashes involving Tesla models and emergency vehicles. General Motors said it will replace all battery modules in some Chevrolet Bolt electric vehicles under a recall announced last month. Citgo Petroleum Corp on Monday reported a slim, second-quarter profit, its first in seven quarters, as higher fuel exports helped offset weak margins and the impact of a fuel pipeline shutdown. Videogame company Roblox fell after reporting earnings late Monday that missed Wall Street forecasts. Danish jewellery maker Pandora said on Tuesday that a strong performance in the United States spurred rapid sales growth in the second quarter but sales in China fell.