Midday movers: Lowe's, Macy's, Dick's Sporting Goods and more

Investing.com -- U.S. were mixed on Tuesday as investors digest more corporate earnings, particularly from the retail sector.

Here are some of the biggest U.S. stock movers today:

• Lowe’s (NYSE:LOW) stock rose 3.7% after the home improvement retailer posted a smaller-than-expected drop in quarterly comparable sales, helped by a boost from delayed spring season sales and sustained consumer spending on smaller projects.

• Macy’s (NYSE:M) stock fell 13% after the department store chain posted a drop in quarterly profit on Tuesday, dragged down by heavy discounting and higher promotions to clear spring and early summer merchandise.

• Dick’s Sporting Goods (NYSE:DKS) stock slumped 23% after the athletics goods retailer reported a profit drop and cut its earnings outlook for the year after seeing an uptick in retail theft and slow sales.

• Microsoft (NASDAQ:MSFT) stock rose 0.3% after the software giant proposed a revised version of its merger with "Call of Duty" maker Activision Blizzard (NASDAQ:ATVI), up 0.9%, in a bid to receive approval from U.K. competition authorities for the video-gaming industry's largest-ever tie-up.

• Coty (NYSE:COTY) stock fell 2.6% after the perfume and cosmetics maker issued a downbeat annual profit forecast, overshadowing positive fourth quarter revenues as customers splurged on both its high-end and affordable produce.

• Tesla (NASDAQ:TSLA) stock rose 0.8%, with the EV manufacturer’s stock continuing to push higher after logging its biggest one-day percentage gain since March in the previous session.

• Amazon (NASDAQ:AMZN) stock dipped 0.3% after Wedbush added the online retail giant to its Best Ideas List, saying its core business is underappreciated.

• Medtronic (NYSE:MDT) stock rose 3% after the medical devices maker raised its annual profit forecast, banking on higher demand for its products as surgical procedure volumes pick up pace.

• Baidu (NASDAQ:BIDU) stock rose 3% after the Chinese tech company Baidu reported better-than-expected revenue growth in the second quarter, bolstered by growth in advertising.

• Fabrinet (NYSE:FN) stock rose 28% after the electronic manufacturing services provider beat expectations for fourth quarter earnings, driven by new artificial intelligence products that saw strong growth.