Home Depot's stock was down 2.7 percent and was the biggest drag for both the S&P 500 and Dow. Although the home improvement chain reported strong earnings and raised its forecast, investors appeared to be worried about supply constraints in the housing market that could be a drag on Home Depot's future earnings.
Shares of smaller rival Lowe's Cos were down 4.4 percent.The S&P 500 consumer discretionary index , down 0.9 percent, also took a hit from a steep fall in the shares of Coach and Advance Auto Parts after disappointing results.
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