Why Home Depot Stock Was Slipping Today
Shares of Home Depot (NYSE: HD) were down Tuesday in response to a hotter-than-expected inflation report, which further cooled off hopes that interest rates would come down soon.
Since the home improvement retailer is sensitive to interest rates, the stock fell on the news. As of 1:17 p.m. ET, it was down 1.8% after having been off by as much as 3.2% earlier in the session.
Image source: Home Depot.
Source Fool.com
