(CNBC) -- The Dow Jones Industrial Average rallied on Tuesday, rising for a fifth day as earnings results from Walmart and Home Depot showed consumer spending could remain strong enough to keep the economy from tipping over into a downturn.
The Dow outperformed and was last up 190 points, or 0.56% after rising as much as 368 points earlier in the session. The index got a boost from Walmart and Home Depot, which rose 5% after topping earnings results. Walmart reiterated its second-half outlook, while Home Depot maintained its 2022 guidance.
Meanwhile, the S&P 500 traded 0.05% lower as Nasdaq Composite dipped 0.5%, dragged down by semiconductor and solar names.
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