Why Home Depot Stock Sank Today
Shares of Home Depot (NYSE: HD) led the stock market lower Tuesday morning. The world's largest home improvement retailer shared its fiscal 2023 first-quarter earnings report and full-year update with investors, and the initial response was to sell the stock.
Home Depot shares dropped as much as 4% in early trading. But the stock pared those losses for several reasons and traded lower by just 1.4% as of 1:15 p.m. ET.
The stock's decline brought year-to-date returns to a negative 10%.
Source Fool.com
