Tech stocks, Household Depot pull S&P 500, Dow from history highs
Aug 17 (Reuters) – Wall Street’s main indexes slid on Tuesday, weighed down by a drop in mega-cap technologies-associated stocks and a weak earnings report from Dwelling Depot, whilst a blended batch of knowledge advised an uneven U.S. economic restoration.
House Depot (Hd.N) dropped 4.7% following it missed Wall Avenue estimates for U.S. very same-retail store gross sales for the 1st time in two a long time, as do-it-yourself assignments through the peak of the pandemic tapered off. examine additional
The outcomes also despatched shares of smaller rival Lowe’s