U.S. stocks slid on Tuesday and the majority of sectors were mostly down by the end of the day. The cyclical consumer goods & services sector fell more than 1%.
The Dow Jones Industrial Average fell about 52 points, or 0.28%, to 18,095. The S&P 500 fell 0.38%, and the Nasdaq Composite dropped 0.50%.
Shares of Under Armour tanked after reporting its slowest quarterly sales growth in six years. The Baltimore, Md.-based sports clothing and accessories company hosted its third quarter earnings conference call early Tuesday, Oct. 25. It posted a 28% rise in profit and 22% jump in revenue in the third quarter.
"While we expect to continue to significantly outpace the apparel industry, the growth rate going forward will be less than expected from our Investor Day in 2015," the company said during the earnings call. Shares of Under Armour slid 13.22% to $32.89 per share today.
Sonic, an Oklahoma City-based drive-in fast-food restaurant chain saw its stock fall after the company posted weak earning during the company's fourth quarter fiscal year 2016 earnings call Monday, Oct. 24. According to the company's prepared remarks during the earnings call, same-store sales fell 2% in the quarter and 3% at company stores.
Shares of Sonic tumbled almost 17% to $22.08 per share.
Benton Harbor, Mich.-based home appliances manufacturer and marketer Whirlpool saw its shares dip after posting lower-than-expected third-quarter earnings during its earnings call today. According to reports from Bloomberg, sluggish sales in the U.S. and Brexit-inspired turmoil in the U.K. are likely causes of the stock price fall.
Shares of Whirlpool fell 10.78% to $152.09 per share. Shares of home-improvement industry competitors Home Depot Inc. (HD) - Get Report and Lowe's Cos. (LOW) - Get Report fell almost 4% to $123.34 and $68.47 per share respectively.
Shares of Taylor, Mich.-based Masco fell 9.48% to $30.38 per share after the company reported quarterly results that missed analyst forecasts despite announcing an earnings climb of 18% in the third quarter.
Meanwhile, North Venice, Fla.-based PGT, which manufactures and supplies residential impact-resistant windows and doors for hurricane-prone regions experienced a 7.14% dip to $9.75 per share by the end of the day.