Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Home Depot Stock Lost 14% in March

TheMotleyFool

0 0

Shares of Home Depot (NYSE: HD) pulled back last month as the home improvement retailer got swept up in the coronavirus-driven sell-off. As a retail stock, the company is vulnerable to changing shopping patterns even though Home Depot is considered an essential retailer and its stores have remained open.

According to data from S&P Global Market Intelligence, the stock fell 14% in March. As you can see from the chart below, the stock mostly fell in tandem with the S&P 500.