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S&P 500 Gains 1%; Home Depot Earnings Top Views
U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Tuesday.
The Dow traded up 0.42% to 39,522.57 while the NASDAQ rose 1.68% to 17,063.04. The S&P 500 also rose, gaining, 1.02% to 5,399.03.
Leading and Lagging SectorsInformation technology shares climbed by 2.3% on Tuesday.
In trading on Tuesday, energy shares fell 1.2%.
Top Headline
The Home Depot, Inc. (NYSE:HD) reported mixed results for its second quarter on Tuesday.
HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50.
Home Depot raised its sales guidance from $154.20 billion to $156.49 billion – $158.01 billion versus the consensus of $158.88 billion. It expects Comparable sales to decline between 3% and 4% (prior ~1%). HD ...