GameStop Corp. shares fell more than 3% in extended trading Tuesday after the videogame retailer’s first-quarter revenue missed Wall Street’s expectations, despite the company posting its fourth consecutive quarterly profit.

GameStop (GME) shares fell in extended trading Tuesday as the retailer's quarterly revenue declined. The video game retailer's revenue dropped 17% year-over-year to $732.4 million. The company swung to an adjusted profit of $83.

GameStop (GME) reported a decline in first-quarter revenue on Tuesday, sending its shares down nearly 4% in extended trading. Although it managed to report a profit for the period, thanks to some store closures,

In addition to inflation and US-China trade, a key bond auction is on investors' radar. A $22 billion sale of 30-year bonds is scheduled for Thursday.

Stock markets appear to be holding steady as the U.S. and China continue trade talks in London. Also, the World Bank released its Global Economic Prospects report. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.

The S&P 500 ended higher on Tuesday, lifted by a rally in Tesla as investors bet on positive results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year.