NEW YORK—Stocks on Wall Street sank Tuesday after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure.
The S&P 500 fell 26.38 points, or 0.6 percent, to 4,109.90. The Dow Jones Industrial Average dropped 336.46, or 1 percent, to 33,012.14, and the Nasdaq composite slipped 22.16, or 0.2 percent, to 12,343.05.
Energy producers were some of the heaviest weights on the market as Exxon Mobil dropped 2.4 percent and Chevron fell 2.3 percent.
Home Depot also fell 2.2 percent after saying its revenue weakened by more in the latest quarter than expected. It described broad-based pressures across its business following years of big growth, and it cut its forecast for sales this fiscal year given all the uncertainty going forward….