U.S. stocks fell for a second day, led by Home Depot, after the world's biggest home-improvement chain said revenue will rise less than expected this year.
The Dow Jones industrial average fell 11.79, or 0.1 percent, to 8474.78, with Home Depot accounting for the entire decline. The Nasdaq Stock Market composite index fell 19.18, or 1.4 percent, to 1374.51. The Standard & Poor's 500-stock index fell 3.62, or 0.4 percent, to 896.74.
Home Depot fell $3.55, to $25.05. The company said it expects to earn 31 cents a share in the fourth quarter, a penny below the average forecast of analysts surveyed by Thomson First Call.
Smaller rival Lowe's dropped $1.72, to $38.98, and retail leader Wal-Mart fell 76 cents, to $52.92.
Amazon.com fell $1.13, to $21.29. The shares have almost doubled this year, prompting Bear Stearns analyst Jeff Fieler to lower his rating to "peer perform."
Staples, the second-largest U.S. retailer of office supplies, rose $2.16, to $18.39. Third-quarter profit climbed to 27 cents a share from 20 cents a year earlier, beating analysts' estimates by 4 cents. Sales rose 9 percent.
Williams-Sonoma gained 35 cents, to $23.70. The owner of Williams-Sonoma and Pottery Barn stores earned 13 cents a share in the third quarter, 3 cents more than analysts predicted. The retailer also raised full-year profit expectations.
Procter & Gamble, the largest maker of household products, rose 95 cents, to $87.10, and Coca-Cola, the biggest beverage company, advanced 47 cents, to $46.39.
AmerisourceBergen dropped $4.40, to $59, and Cardinal Health lost $3.20, to $64.70. Goldman Sachs analyst Christopher McFadden cut the two largest U.S. drug wholesalers to "in-line" from "outperform," citing slowing growth in pharmaceutical sales.
Comcast's Class A shares fell $1.23, to $25, in the first day of trading after the cable-television company bought AT&T's cable unit. The stock gained 61 cents Monday as it replaced Comcast's special Class A shares in the S&P 500. The latter class rose 19 cents, to $24.01, after falling $1.03 the day before.
H&R Block jumped $2.35, to $37.53. The largest tax-preparation company settled a Texas class-action lawsuit claiming it gouged low-income customers through "refund anticipation loans" charging interest rates over 100 percent. H&R Block will take a charge of 14 cents a share in its fiscal second quarter for expenses related to the agreement.
Agilent Technologies climbed $3, to $16.60. The maker of testing equipment said fiscal fourth-quarter sales advanced 8.1 percent from a year earlier.
Northrop Grumman rose $2.95, to $90.41. The defense contractor agreed to sell TRW's automotive business to the Blackstone Group.
Deere gained $1.84, to $49.90. The world's largest maker of farm equipment earned 28 cents a share in its fiscal fourth quarter ended Oct. 31, exceeding analysts' forecasts by 1 cent, as it reduced costs and sales rose.
* The New York Stock Exchange composite index fell 1.17, to 477.11; the American Stock Exchange index fell 1.90, to 819.05; and the Russell 2000 index of smaller-company stocks fell 3.01, to 379.57.
* Declining issues outnumbered advancing ones by 5 to 4 on the NYSE, where trading volume rose to 1.35 billion shares, from 1.29 billion on Monday. On the Nasdaq, decliners outnumbered advancers by 4 to 3 and volume totaled 1.58 billion, down from 1.64 billion.
* The price of the Treasury's 10-year note rose 63 cents per $1,000 invested, and its yield was unchanged at 3.99 percent.
* The dollar rose against the Japanese yen and the euro. In late New York trading, a dollar bought 122.18 yen, up from 121.14 late Monday, and a euro bought $1.0031, down from $1.0083.
* Light, sweet crude oil for December delivery settled at $26.42 a barrel, down 29 cents, on the New York Mercantile Exchange.
* Gold for current delivery fell to $318.60 a troy ounce, from $319.20 on Monday, on the New York Mercantile Exchange's Commodity Exchange.