Stocks falter in summer slowdown

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NEW YORK (CNNMoney)

The Dow Jones Industrial Average, the S&P 500, and the Nasdaq declined between 0.4% and 0.6% Tuesday morning, a day after all three indexes flatlined.

Still, investors are overall flying high. U.S. stocks have all rallied 19% to 22% so far this year.

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What's moving: The vast majority of large U.S.-traded companies have already reported quarterly results, but a few more are trickling in.

Shares of Molson Coors Brewing (TAP) rose, after the brewer reported strong earnings and sales, helped by a 20% jump in beer volume.

Fossil (FOSL) stock also rallied on strong earnings.

Related: Why Buffett didn't buy Washington Post

And shares of Michael Kors (KORS) rose sharply after the luxury retailer reported sales and earnings that blew past expectations.

But it wasn't all good news on the retail front. Shares of American Eagle Outfitters (AEO) tumbled after the teen clothing retailer cut its outlook for the current quarter due to weak demand.

Related: Fear & Greed Index shifts into neutral

DISH Network (DISH, Fortune 500) reported a quarterly loss due to high costs associated with an acquisition of two of its satellites.

Disney (DIS, Fortune 500) earnings are due after the close.

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In other corporate news, shares of The Washington Post (WPO) rose after Amazon.com (AMZN, Fortune 500) founder Jeff Bezos said he was buying the company's world-renowned newspaper business. Bezos is buying the company's flagship paper -- The Washington Post -- and other print properties for $250 million.

First Published: August 6, 2013: 9:44 AM ET

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