Wall Street loses gains after Germany bomb report

By Noel Randewich

(Reuters) - U.S. stocks erased gains on Tuesday after a report that a soccer match between Germany and Netherlands was called off due to concerns of a bomb attack.

All three major US indexes had been in positive territory following upbeat earnings reports from Wal-Mart and Home Depot but they quickly gave up those gains after a German official said on television that the match was cancelled after information that a bomb attack on the stadium in Hanover was planned.

At 2:35 pm, the Dow Jones industrial average <.DJI> was down 0.09 percent at 17,498.08 and the S&P 500 <.SPX> lost 0.06 percent to 2,051.89.

 

The Nasdaq Composite <.IXIC> was up 0.05 percent at 4,987.32.

Wal-Mart jumped 3.73 percent and Home Depot climbed 4.15 percent, pushing the S&P 500 retail index <.SPXRT> up 1.11 pct.

Home Depot rival Lowe's rose 2.69 percent and Target added 1.12 percent. Both report their quarterly results on Wednesday.

(Additional reporting by Abhiram Nandakumar in Bengaluru; Editing by Saumyadeb Chakrabarty and Andrew Hay)