Stocks dipped Tuesday as Wall Street's post election rally took a pause. The Dow Jones Industrial Average sank over 380 points, while the S&P 500 Index and Nasdaq Composite lost about 0.3% and 0.1%, respectively.

Here's how the market settled on Tuesday:

S&P 500 Index (SPY  ): -0.29% or -17.36 points to 5,983.99

Dow Jones Industrial Average (DIA  ): -0.86% or -382.15 points to 43,910.98

Nasdaq Composite Index (QQQ  ): -0.09% or -17.36 points to 19,281.40

On the Earnings Front:

Home Depot (HD  ) reported better-than-expected third-quarter earnings on Tuesday, and raised its full-year outlook as it benefits from hurricane-related home improvement demand. The retailer now expects full-year total sales to increase by about 4%, up from its previous range of 2.5% and 3.5% and includes the impact of acquiring SRS Distribution.

"There is pent-up demand for projects," CFO Richard McPhail told CNBC in an interview on Tuesday. "Our customers tell us that their lives are changing. Their families are growing. They're upsizing, they're downsizing. They need to move for a job. There is demand for remodeling, and they are putting it on hold until they see a more favorable financing environment. And so the demand is there, the question is, when it's unlocked."

Shopify (SHOP  ) shares rose over 20% on Tuesday after the e-commerce platform reported better-than-expected third-quarter results and issued strong holiday-season guidance. The company expects current quarter revenue to increase by mid- to high-twenties percentage point.

"Shopify is increasingly the go-to platform of choice, not just for entrepreneurship, but for all of commerce," President Harley Finkelstein told investors during the company's earnings call.. "We are well positioned for extensive growth across different merchant segments, size, geographies, channels and products."

In the News:

The U.S. Federal Aviation Administration (FAA) banned U.S. civilian flights to and from Haiti for 30 days on Tuesday after a Spirit Airlines (SAVE  ) airplane was stuck by gunfire a day earlier trying to land in Port-au-Prince. American Airlines (AAL  ) and JetBlue (JBLU  ) have also paused service to Haiti.

Volkswagen Group (VWAGY  ) and Rivian Automotive (RIVN  ) announced a joint venture on Tuesday, investing up to $5.8 billion to create VW models that use Rivian software and electrical archienture -- the first units are expected to arrive as early as 2027.

"We're thrilled to see our technology being integrated in vehicles outside of Rivian, and we're excited for the future," Rivian CEO RJ Scaringe said in a statement.

Looking Ahead:

JPMorgan analysts believe a potential hotter-than-expected consumer price index reading on Wednesday will not impact market participants risk outlooks.

"We think it is unlikely that a hotter print this week derails the risk-on tone and that investors will look through any hot print here since there is another CPI print ahead of the December Fed meeting," the firm wrote.

"Realistically, investors are unlikely to shift to a caution portfolio stance until you see Headline CPI ~3.5%, which would then represent a credible threat for the Fed to move towards tightening; we are the view that it would take inflation moving back to/through 4% for the Fed to act," the bank added.