Home Depot stock slips after U.S. CPI report; mortgage rates and Feb. 24 earnings in focus
Home Depot shares slipped 0.1% to $374.52 by midday Tuesday as investors weighed a mild December inflation report and falling mortgage rates. Lowe’s gained 0.8%. U.S. consumer prices rose 0.3% last month, in line with forecasts. The average 30-year fixed mortgage rate dropped to 6.23%, its lowest since October 2024.