Dow Jones Weak Despite Blockbuster Earnings From Home Depot and Walmart
Rock-solid reports from mega-retailers Home Depot (NYSE: HD) and Walmart (NYSE: WMT) weren't enough to push the Dow Jones Industrial Average (DJINDICES: ^DJI) higher on Tuesday. The Dow was down about 0.24% at 11:25 a.m. EDT.
Home Depot blew away estimates, reporting a massive rise in comparable sales as consumers spent big on home improvement projects and big-ticket items. But management cautioned that the second half of the year is unlikely to be quite as rosy. Walmart also reported incredible results, but the company disclosed that sales trends have begun to normalize as stimulus spending has wound down.
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Source Fool.com
