By Liz Moyer
Investing.com -- Stocks extended their losses on Tuesday after bleak outlooks from major retailers Walmart (NYSE:WMT) and Home Depot, as consumer spending shifts. Here are the midday movers for Feb. 21.
- Home Depot Inc (NYSE:HD) shares fell 5.9% after the home improvement retailer beat profit but missed on sales. It said it expects sales to be flat this year as consumers shift their spending.
- General Mills Inc (NYSE:GIS) stock rose 5.4% after the maker of cereals, baking products and snacks raised its full-year outlook based on healthy demand. It foresees organic sales growth of 10% and earnings per share rising more than earlier forecast.
Molson Coors Brewing Co (NYSE:TAP) shares rose 4.5% after the beer brewer beat fourth-quarter expectations. Price increases helped offset declining sales volume.
- Nordson Corporation (NASDAQ:NDSN) shares fell 13% after the precision tech company cut its 2023 sales outlook, now seeing sales flat to up 3% from an earlier forecast for sales to rise 1% to 7%.
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) shares were down 2.7% as the Supreme Court hears arguments in a case that could dramatically change the way Google, Youtube, and other internet companies operate platforms that have third party content.