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Mid-Day Market Update: Dow Drops Over 100 Points; Avon Shares Surge Following Earnings Beat

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Midway through trading Tuesday, the Dow traded down 0.65 percent to 18,285.59 while the NASDAQ declined 1.09 percent to 5,127.94. The S&P also fell, dropping 0.83 percent to 2,152.92.

Leading and Lagging Sectors

On Tuesday, the non-cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Sodastream International Ltd (NASDAQ:

) and Avon Products, Inc. (NYSE: ).

In trading on Tuesday, cyclical consumer goods & services shares fell by 1.3 percent. Meanwhile, top losers in the sector included Texas Roadhouse Inc (NASDAQ:

), down 12 percent, and Strattec Security Corp. (NASDAQ: ), down 7 percent.

Top Headline

Pfizer Inc. (NYSE:

) reported better-than-expected results for its second quarter on Tuesday.

Pfizer reported EPS of $0.64 and revenues of $13.1 billion. Analyst consensus had an EPS estimate of $0.62 and revenues of $13.0...