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Market Snapshot: Dow, S&P losses gather momentum into Tuesday’s close amid weaker-than-expected housing data

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Major U.S. stock benchmarks saw losses pick up steam Tuesday afternoon as enthusiasm centered on a strong round of earnings from major retailers, including Dow components Home Depot Inc. and Walmart Inc., appeared to wane.

How are stock benchmarks performing?

On Monday, stocks saw modest losses, with the Dow declining 54.34 points, or 0.2%, to end at 34,327.79, while the S&P 500 fell 0.3% and the Nasdaq Composite declined 0.4%.

What’s driving that market?

Stocks…

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