Stocks Slip From Record Levels; BHP Billiton Shares Rise Despite Monster Losses

U.S. stocks moved lower Tuesday, after the three major indices closed at record highs on Monday. Home Depot (HD) - Get Report reported second quarter earnings of $1.97 a share, matching estimates. Revenue of $26.5 billion also met Wall Street's expectations. U.S. comparable store sales rose 5.4 percent year-over-year, beating forecasts of 5.2 percent. BHP Billiton (BHP) - Get Report shares rose, despite posting its worst ever annual loss of $6.4 billion for the year ending in June, down from a profit of $1.91 billion in the prior year. The Australia-based company was hit by low energy prices and a deadly mine disaster. Walmart (WMT) - Get Report shares were in focus after Warren Buffett's Berkshire Hathaway (BRK.A) - Get Report lowered its stake in the company to 40.2 million shares from 55.2 million, as of June 30. The investment firm also raised its stake in Apple (AAPL) - Get Report . TheStreet's Scott Gamm reports from Wall Street.