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Home Depot News
It's a huge holder of securities, but it does not know how to talk to the markets.
Fed Chairman Ben Bernanke head-faked the market out today, but some stocks held onto their gains.
Market seesaws on Bernanke comments and 23 of 30 blue chips end lower.
Here's why blue-chip stocks took a turn for the worse this afternoon.
On Sale: Get a headstart on Memorial Days savings at these retailers and don't forget to support the troops this weekend.
Stocks hit triple-digit gains early, but markets are now in the red as QE concerns rise.
Pfizer, Home Depot, and JPMorgan Chase are leading the way following comments from the Fed on QE3.
The Dow component that led the way higher today was Home Depot (NYSE:HD), which sported a 98-cent gain (+1.3%) bringing the stock to $79.69. Holding the Dow back today was International Business Machines (NYSE:IBM), which lagged the broader Dow index with a $1.66 decline (-0.8%) bringing the stock to $206.99.
Home Depot was a winner within the retail industry, rising $0.98 (1.2%) to $79.69 on heavy volume
The markets are reacting positively to the week's first bit of major economic news, while some of the Dow's components are riding their own good vibes higher.
Home Depot's earnings of 83 cents per share handily exceeded the Zacks Consensus Estimate of 78 cents and surged 22.1% from the prior-year quarter.