Home Depot says tariffs will lead to price increases
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Home Depot's sales improve
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The company's full-year forecast assumes no substantial change in the number of consumers revamping their homes.
Intel rises following an announcement that SoftBank would invest $2 billion in the chip maker, and Home Depot trades higher after maintaining fiscal-year sales guidance.
Home Depot's Q2 earnings fell slightly short of Wall Street's target, but the company announced some news that has potentially huge implications.
In Q1, Home Depot experienced solid demand for smaller projects and seasonal activities; however, high interest rates deterred many consumers
The blue-chip Dow briefly hit a record high on Tuesday, aided by a rise in Home Depot's shares after the retailer kept its annual forecasts intact, while caution dominated the overall mood ahead of a Federal Reserve conference later in the week.
The home-improvement chain is now one of the companies most caught up in Trump's immigration crackdown. The retailer's history with day laborers is long. So far, it's choosing to keep its distance.
Wall Street braced for results from retail giants as rising concerns over inflation cloud the path to an interest rate cut.
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