Stock Market News: Home Depot Rises, Kohl's Falls on Mixed Results
Major benchmarks moved lower on Tuesday morning, giving back some of Monday's gains. Investors tried to evaluate the likely course of future economic performance, with many looking at the Federal Reserve to provide even more monetary accommodation toward supporting growth. As of 10:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 56 points to 26,079. The S&P 500 (SNPINDEX: ^GSPC) lost 10 points to 2,913, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 18 points to 7,985.
Earnings season is largely over, but a few well-known companies just reported their latest results. Home Depot (NYSE: HD) saw its stock rise after releasing its second-quarter financials, while Kohl's (NYSE: KSS) gave up ground. Yet both companies had something to say about the health of the U.S. consumer economy and what it means as the key holiday season approaches.
Shares of Home Depot gained 4% after the home improvement retailer's earnings proved better than many had anticipated. Despite some concerns about the impact of trade tensions and other factors on sales, Home Depot also believes that it should be able to maintain its bottom-line performance in the second half of 2019.
Source Fool.com
