NEW YORK, June 6, 2026, 14:26 (EDT)
- Home Depot last traded at $310.78 on Friday, up 0.27% on the day but down about 2.0% for the week.
- Wall Street sold off hard Friday, with the S&P 500 down 2.6% and the Nasdaq off 4.2%, as a strong jobs report lifted rate worries.
- The next company earnings date is Aug. 18; before then, investors will watch housing data and mortgage rates for signs of demand.
With the New York Stock Exchange closed for the weekend, Home Depot’s next test comes Monday after the home-improvement retailer held up better than the broader market in Friday’s selloff. The stock ended at $310.78, up 0.27% on the day, but still lost about 2.0% for the week after closing the prior Friday at $317.14.
That relative strength matters now because Home Depot is a rate-sensitive stock at a rate-sensitive moment. The S&P 500 fell 2.6% Friday and posted its first losing week in 10, while bond yields rose after the Labor Department reported that employers added 172,000 jobs in May, roughly double forecasts.
Home Depot’s business sits close to the parts of the economy investors are watching most: home sales, mortgage rates and big renovation spending. A 30-year fixed mortgage averaged 6.48% this week, Freddie Mac said, after slipping from a nine-month high, and AP reported that the May existing-home-sales snapshot is due next week.
The stock’s week was uneven. It dropped 2.03% on Monday, recovered modestly on Tuesday and Wednesday, fell again Thursday, then gained Friday even as the tape weakened. Trading volume Friday was about 3.95 million shares, below several late-May sessions.
Home Depot is not just another retail name for index funds. The company says its stock is included in both the Dow Jones Industrial Average and the S&P 500, giving its moves a place in two widely tracked U.S. benchmarks.
The most recent company update gave investors a mixed read. Home Depot reported first-quarter sales of $41.8 billion, up 4.8% from a year earlier, while comparable sales — sales from stores and digital channels old enough to be compared with a prior period — rose 0.6%. Adjusted diluted earnings per share fell to $3.43 from $3.56.
Ted Decker, Home Depot’s chair, president and CEO, said underlying demand was “relatively similar” to last year, even with “consumer uncertainty and housing affordability pressure.” That is the crux of the trade: demand has not cracked, but the housing market is not helping much either. Home Depot Investor Relations
The company has tried to lean harder into professional customers, or “Pros” — contractors and tradespeople who buy for jobs, not just weekend projects. Decker said HVAC distribution adds a roughly $100 billion addressable market and lifts Home Depot’s total addressable market to $1.2 trillion; he also put the Pro opportunity at about $700 billion. Home Depot Investor Relations
Still, the consumer side remains soft in the places that count. Billy Bastek, executive vice president of merchandising, said “larger discretionary projects remain under pressure,” even as big-ticket transactions over $1,000 rose 0.8% and Pro sales outperformed DIY, or do-it-yourself, customers. The Motley Fool
Lowe’s, Home Depot’s closest listed peer, rose 1.55% to $210.74 on Friday, outpacing Home Depot’s gain. The comparison is useful but limited: both retailers are fighting the same slow-housing backdrop, while Home Depot’s Pro push and SRS distribution assets have become a bigger part of its equity story.
The but is rates. Realtor.com senior economist Joel Berner called the oil shock the “main driver of still-high mortgage rates,” according to AP, and higher borrowing costs can delay moves, refinancings and large projects. Home Depot CFO Richard McPhail told investors the company was “not looking at a marked improvement in underlying demand,” and said a better second-half comparable-sales pace depended on a “return to normal storm activity.” AP News
For the week ahead, there is no Home Depot earnings event on the calendar; the next scheduled release is the second-quarter report on Aug. 18 at 9 a.m. ET. That leaves the stock to trade off rates, housing data, retail sentiment and whether Friday’s defensive bid for Home Depot can survive a fresh week of macro pressure.
