Home Depot Stock Just Blinked — Why Next Week Could Matter More Than Friday’s Drop
Home Depot shares fell 1.27% to $317.14 on Friday, underperforming the S&P 500 and Dow. First-quarter sales rose 4.8% to $41.8 billion, but adjusted earnings per share dropped to $3.43 from $3.56. CEO Ted Decker cited consumer uncertainty and housing affordability as ongoing challenges. The average 30-year fixed mortgage rate stood at 6.53% as of May 28.