Latest News

Home Depot’s stock tumble cutting more than 220 points off the Dow’s price

0

Shares of Home Depot Inc.
HD,
-8.85%

tumbled 9.8% in afternoon trading Tuesday, to pace the Dow Jones Industrial Average’s decliners, after the home improvement retailer reported fiscal fourth-quarter results that beat expectations and raised its dividend, but reported gross margin that fell and provided a less than enthusiastic profit outlook. The stock’s price decline of $33.84 was shaving about 223 points off the Dow’s price, representing about 38% of the Dow’s decline of 580 points, or 1.7%. The stock was headed for the biggest percentage decline since dropped 10.4% on March 18, 2020. Meanwhile, shares of Home Depot rival Lowe’s Companies
LOW,
-3.64%
,
which reports fiscal fourth-quarter results before Wednesday’s open, dropped 4.4% in afternoon trading Tuesday.

These dividend growers have hefty and safe payouts

Previous article

Amazon sues two companies that allegedly help fill the site with fake reviews

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News