US EditionHome Depot climbs as most of Wall Street remains stuck in a summer lull
Home Depot shares rose 3.1% leading the Dow as investors anticipate Federal Reserve's potential interest rate cut in September, with the S&P 500 near record highs.
- On Tuesday, Home Depot shares rose 3.1% after releasing quarterly results that were slightly below analysts' forecasts while leading the Dow higher.
- This rise occurred amid broader mixed Wall Street activity where the S&P 500 remained near its all-time high but slipped 0.2%, and the Nasdaq fell 0.2%.
- Investors also reacted to Intel’s 5.2% gain in pre-market trading following SoftBank’s announcement of a $2 billion stake in the chip maker and reports of possible U.S. government involvement.
- Market participants awaited Fed Chair Jerome Powell’s upcoming speech in Jackson Hole, Wyoming, hoping for signals about an interest rate cut expected in September, though some strategists urged caution.
- These events suggest cautious investor optimism amid ongoing concerns about inflation and borrowing costs, which continue to affect homeowner spending patterns and corporate earnings responses.
29 Articles
29 Articles
The Press Democrat
Stocks hold steady on Wall Street close to records
Wall Street is holding steady, stuck in a summer lull.
The Trentonian
Home Depot climbs as most of Wall Street remains stuck in a summer lull
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — Wall Street is holding steady on Tuesday, stuck in a summer lull. The S&P 500 slipped 0.2%, a day after barely budging, and remains near its all-time high set last week. The Dow Jones Industrial Average was up 68 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was down 0.4%. Related Articles Taskrabbit work: What it’s like and how to succeed …
Wall Street closes mixed and the Dow Jones low 0.08%Donald Trump prolongs 90 days the tariff truce with ChinaWall Street opened this Tuesday on mixed ground, and the main indicator, the Dow Jones of Industrials, won 0.14%, while the S&P 500 yielded 0.18% and the technology Nasdaq fell 0.47%.You CAN SEE: Trump clarifies that the US will not impose tariffs on gold after uncertainty in the marketsThe freshest data of today comes from the quarterly …
US: Dow opens higher as Home Depot puts focus on retail earnings
The blue-chip Dow opened higher on Tuesday (Aug 19), aided by a rise in shares of Home Depot after the retailer kept its annual forecasts intact, while caution dominated the overall mood ahead of a key Federal Reserve conference scheduled later in the week.
The main Wall Street indices have mixed performance this morning.The averages move without clear direction in a market attentive to the quarterly results of large retailers, and waiting for information on monetary policy this week.The Industrial Average Dow Jones, which groups the shares of 30 giants, earns 0.18% in 45,003.06 units. The S&P 500, of the most valuable companies, loses 0.29% in 6,430.63 units.The Nasdaq Composite recedes 0.98% at a…
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