Why Home Depot Stock Collapsed Today
Shares of Home Depot (NYSE: HD) were falling sharply today as stocks plunged over concerns about the coronavirus outbreak, and the company announced that it would temporarily cut store hours due to the COVID-19 situation. Home Depot said stores would remain open as it's an essential retailer, but they would close at 6 p.m. EDT.
The stock was down at 12.9% as of 2:57 p.m. EDT, while the S&P 500 had fallen 7.4% at that time.
Image source: Home Depot.
Source Fool.com
