Stock market today: Live updates

Stocks opened lower Tuesday.

The Dow Jones Industrial Average dropped 186 points, or 0.54%. The S&P 500 fell 0.7%, while the Nasdaq Composite slid 0.79%.

— Sarah Min

Home prices in 20 big cities across the U.S. were little changed over the past year, according to the S&P CoreLogic Case-Shiller index released Tuesday.

The benchmark’s 20-City Composite saw prices rise just 0.1% from a year ago in July, compared to the 1.2% decline in June. That increase was less than the 0.3% consensus forecast from Dow Jones.

On a monthly basis, the 10- and 20-city composites saw respective increases of 0.8% and 0.9%, according to seasonally adjusted data.

—Jeff Cox

HSBC has multiple reasons for liking Pinterest.

“We believe it has the right management team in place, a product fit for shopping, and a differentiated capital-light strategy to deliver on its foray into social commerce,” analyst Mohammed Khallouf said in a recent note to clients when initiating coverage of the stock at a buy rating.

CNBC Pro subscribers can read more here.

— Alex Harring

These are some of the stocks making the biggest moves before the bell:

• Fisker — Shares surged 4.1% premarket after Bank of America reinstated coverage with a buy rating. Fisker also said it plans to ramp up deliveries of its Ocean vehicle to 300 per day.
• Tesla — Tesla shares slipped 1% before the market open on news that the European Union will reportedly probe the electric vehicle maker over its China exports.’
• Barclays — Barclays shares rose 2% after Morgan Stanley upgraded the U.K. bank to overweight from equal weight, citing growth in its credit card business and an improved investment banking outlook.

Read the full list of stocks moving here.

— Samantha Subin

U.S.-listed shares of Barclays rose more than 2% premarket after Morgan Stanley said improvements in the U.S. credit card business and increased deal volume could be good news for the bank.

Analyst Alvaro Serrano upgraded shares of the bank, which trade in London, to overweight from equal weight. Meanwhile, the bank’s U.S.-listed shares trade under the ticker BCS.

“We think consensus underestimates the revenues in CC&P, which, together with an improved outlook in the IB, leaves us ahead of consensus for the first time,” he said in a note to clients, using acronyms for the consumer, cards and payments and investment banking businesses.

CNBC Pro subscribers can click here to read the full story.

— Alex Harring

DraftKings climbed about 3% before the bell after JPMorgan turned bullish on the sports betting stock.

Analyst Joseph Greff upgraded shares to overweight from neutral after a recent bout of underperformance. The stock has slid about 13% since July, while the S&P 500 has shed just around 6%.

“We are taking advantage of sluggish share price performance since late July,” Greff said in a note to clients Tuesday.

CNBC Pro subscribers can read the full story here.

— Alex Harring

JPMorgan Chase CEO Jamie Dimon said overnight that the good times for the U.S. economy may not last much longer.

“I will just say, right now it feels good that fiscal stimulation was extraordinary, the monetarism was extraordinary, that was a global phenomenon more in the United States than elsewhere. But that’s a little bit of a sugar high,” Dimon told CNBC TV18 in India. “And that little bit is going to go away and we are hoping we have a soft landing, but all these other things are there- Ukraine, oil, gas, winter, disruption of trade flows.”

“So I think good leadership on the part of America, India, China, Europe, can make sure the negative don’t happen. But I am putting myself in quite cautious category,” Dimon added.

— Fred Imbert

Tesla shares were down more than 1% after a European Union trade official told The Financial Times that the company, along with other carmakers in Europe that export from China, will face an investigation over whether the EV makers are unfair subsidies.

“Strictly speaking, it’s not limited only to Chinese brand electrical vehicles, it can be also other producers’ vehicles if they are receiving production-side subsidies,” EU executive vice-president Valdis Dombrovskis told The FT.

— Fred Imbert

European markets opened lower as negative momentum continues in the region.

The pan-European Stoxx 600 index was down 0.5% in early trade, with all sectors in the red. Tech stocks saw the biggest decline, falling 1.2%, while household goods fell 1%.

— Hannah Ward-Glenton

Japan Prime Minister Fumio Kishida outlined an economic stimulus plan that includes tax breaks for domestic investments and measures to spur wage growth, Japanese media reported.

The Japan Times reported Kishida said his government “aims to encourage investment and wage hikes through measures such as reducing tax and social security burdens.”

Nikkei reported Kishida as saying the hope is to “realize a virtuous economic cycle of capital investment, wage growth and investment in people.”

The stimulus package is also expected to include tax cuts for income from “key strategic fields,” including semiconductors and batteries.

— Lim Hui Jie

Japan’s service producer price index climbed 2.1% year on year in August, its fastest rate of increase in a year.

The reading was higher than July’s 1.7%, and the third straight month that wholesale inflation in the service sector has quickened.

On a month on month basis, the service PPI climbed 0.1%.

— Lim Hui Jie

Recreational vehicle provider Thor Industries beat on the top and bottom line after the closing bell on Monday.

The company reported an adjusted $1.68 per share on $2.74 billion in revenue, while analysts polled by LSEG forecast an adjusted 96 cents and $2.42 billion, respectively. Thor executives issued full-year guidance for revenue in the range of $10.5 billion to $11 billion, Wall Street had expected $10.8 billion.

Shares were roughly 1% lower in after hours trading.

— Brian Evans

Stock futures opened little changed on Monday, with the S&P 500 and Nasdaq Composite coming off of winning sessions for the first time in four days.

Futures tied to the Dow Jones Industrial Average added 8 points, or 0.02%. S&P 500 futures gained 0.05%, while Nasdaq 100 futures ticked up by 0.07%.

— Brian Evans