Home Depot Warns Of Price Changes From Tariffs
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Home Depot's sales improve
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The home-improvement chain is now one of the companies most caught up in Trump's immigration crackdown. The retailer's history with day laborers is long. So far, it's choosing to keep its distance.
Home Depot's Q2 earnings fell slightly short of Wall Street's target, but the company announced some news that has potentially huge implications.
Intel rises following an announcement that SoftBank would invest $2 billion in the chip maker, and Home Depot trades higher after maintaining fiscal-year sales guidance.
The blue-chip Dow briefly hit a record high on Tuesday, aided by a rise in Home Depot's shares after the retailer kept its annual forecasts intact, while caution dominated the overall mood ahead of a Federal Reserve conference later in the week.
In Q1, Home Depot experienced solid demand for smaller projects and seasonal activities; however, high interest rates deterred many consumers
The company's full-year forecast assumes no substantial change in the number of consumers revamping their homes.
Home Depot missed analysts' estimates for second-quarter sales and profit on Tuesday, as price-conscious homeowners reined in spending on large-scale home renovations and focused on do-it-yourself projects.
Wall Street braced for results from retail giants as rising concerns over inflation cloud the path to an interest rate cut.
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