Home Depot's Sales Miss Weighs on Dow and S&P 500.
TL;DR Summary
The Dow Jones and S&P 500 both fell on Tuesday due to a disappointing forecast from Home Depot and April retail sales data, which indicated that consumers are feeling the pinch from rising prices and interest rates. The Commerce Department reported that retail sales rose 0.4% in April, half the pace expected. Home Depot lowered its annual sales forecast, causing its shares to fall 1.4%. The Nasdaq Composite, however, rose 0.21% due to Microsoft's gains after winning EU antitrust approval for its $69 billion acquisition of Activision.
- Dow, S&P 500 fall as Home Depot, retail sales data weigh Reuters
- Home Depot misses on revenue, lowers sales forecast CNBC Television
- Dow Jones Falls 150 Points On Weak Retail Sales; Home Depot Slides On Sales Miss Investor's Business Daily
- Home Depot just forecast weak consumer demand — here’s what that could mean for the rest of the economy CNBC
- Shoppers are pulling back at Home Depot CNN
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