Why Home Depot, Lowe's, and TJX Companies Were Gaining Today
Shares of Home Depot (NYSE: HD), Lowe's (NYSE: LOW), and TJX Companies (NYSE: TJX) were all moving higher today as the trio of retail titans responded favorably to the Senate's passage of a $2 trillion stimulus plan designed to keep consumers and corporations afloat during the coronavirus crisis.
The news has reassured investors and boosted retail stocks, including this group, that are sensitive to consumer spending and the overall health of the economy.
As of 10:58 a.m. EDT, Home Depot was up 4.9%, while Lowe's had gained 5.7%, and TJX was 6.7% higher. At the same time, the S&P 500 index was up 3.2%.
Source Fool.com