Why Home Depot Stock Was Moving Higher Today
Shares of Home Depot (NYSE: HD) were moving higher today after the core Consumer Price Index (CPI) was lower than expected for December.
The news lifted stocks broadly, as falling inflation is good for the economy on a number of fronts, and Home Depot could also be a significant beneficiary.
As of 10:07 a.m., the stock was up 3.2% on the news.
Source Fool.com
