{"id":6296,"date":"2023-05-17T14:45:56","date_gmt":"2023-05-17T12:45:56","guid":{"rendered":"https:\/\/new-momentum.com\/?p=6296"},"modified":"2023-07-10T15:08:18","modified_gmt":"2023-07-10T13:08:18","slug":"wall-street-ends-lower-as-home-depot-outlook-and-us-retail-sales-disappoint","status":"publish","type":"post","link":"https:\/\/new-momentum.com\/en\/wall-street-ends-lower-as-home-depot-outlook-and-us-retail-sales-disappoint\/","title":{"rendered":"Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”off|desktop” admin_label=”Feature Section” _builder_version=”4.21.0″ background_enable_color=”off” use_background_color_gradient=”on” background_color_gradient_stops=”rgba(0,0,0,0.63) 0%|rgba(0,0,0,0.26) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(0,0,0,0.63)” background_color_gradient_end=”rgba(0,0,0,0.26)” background_image=”https:\/\/new-momentum.com\/wp-content\/uploads\/2023\/05\/17.05.2023.jpg” custom_padding=”4.6%||5%||false|false” custom_padding_tablet=”0px||0px|” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ width=”100%” max_width=”1400px” module_alignment=”center” custom_margin=”-7px|auto||auto||” custom_padding=”14px||82px||false|false” use_custom_width=”on” width_unit=”off” custom_width_percent=”88%” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|40px||40px” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Title” _builder_version=”4.21.0″ text_font=”||||||||” header_font=”Arial|600||on|||||” header_text_color=”#bfa145″ header_font_size=”50px” header_line_height=”1.6em” header_2_font=”Arial|600|||||||” header_2_text_align=”center” header_2_text_color=”#bfa145″ header_2_font_size=”55px” header_2_line_height=”1.6em” header_3_font=”Arial|600|||||||” header_3_text_color=”#bfa145″ header_3_font_size=”55px” header_3_line_height=”1.6em” header_4_font=”Arial|600|||||||” header_4_text_color=”#bfa145″ header_4_font_size=”55px” header_4_line_height=”1.6em” header_5_font=”Arial|600|||||||” header_5_text_color=”#bfa145″ header_5_font_size=”55px” header_5_line_height=”1.6em” header_6_font=”Arial|600|||||||” header_6_text_color=”#bfa145″ header_6_font_size=”55px” header_6_line_height=”1.6em” min_height=”32.5px” custom_margin=”||||false|false” custom_padding=”||50px||false|false” animation_style=”fade” animation_direction=”left” header_font_size_tablet=”” header_font_size_phone=”40px” header_font_size_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”40px” header_2_font_size_last_edited=”on|phone” header_3_font_size_tablet=”” header_3_font_size_phone=”40px” header_3_font_size_last_edited=”on|phone” header_4_font_size_tablet=”” header_4_font_size_phone=”40px” header_4_font_size_last_edited=”on|phone” header_5_font_size_tablet=”” header_5_font_size_phone=”40px” header_5_font_size_last_edited=”on|phone” header_6_font_size_tablet=”” header_6_font_size_phone=”40px” header_6_font_size_last_edited=”on|phone” header_text_shadow_style=”preset1″ header_2_text_shadow_style=”preset1″ header_3_text_shadow_style=”preset1″ header_4_text_shadow_style=”preset1″ header_5_text_shadow_style=”preset1″ header_6_text_shadow_style=”preset1″ global_colors_info=”{}”]<\/p>\n

Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint <\/strong><\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Blog Section” _builder_version=”4.18.0″ background_enable_color=”off” background_enable_image=”off” custom_padding=”0px|0px|0px|||” locked=”off” global_colors_info=”{}”][et_pb_row admin_label=”CTA Button” _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font_size=”15px” text_line_height=”1.8em” global_colors_info=”{}”]\ud83d\udcccU.S. stock indexes closed lower on Tuesday due to several factors impacting investor sentiment. The Dow Jones Industrial Average declined by 1.01% (336.46 points), the S&P 500 dropped by 0.64% (26.38 points), and the Nasdaq Composite dipped by 0.18% (22.16 points). Home Depot’s disappointing forecast and weaker-than-expected retail sales data for April contributed to the decline. Home Depot’s shares fell by 2.15% after the company lowered its annual sales forecast and predicted a larger-than-anticipated decline in profit. This news also affected Lowe’s Companies Inc, whose shares dropped by 1.16%.<\/p>\n

\ud83d\udcccAnalysts suggested that consumers may be shifting their spending away from home improvement projects and towards experiences and other activities, as indicated by Home Depot’s poor earnings. Additionally, uncertainty surrounding interest rates and ongoing debt limit negotiations further dampened market sentiment.<\/p>\n

\ud83d\udcccRecent economic data has suggested a slowdown in the U.S. economy following the Federal Reserve’s series of interest rate hikes to combat high inflation. Concerns about when the central bank will pause rate hikes or potentially cut interest rates have been heightened by ongoing negotiations over the U.S. debt ceiling. While the market expects a rate cut by the end of the year, recent statements from Fed officials indicate that they are not yet ready to implement such measures.<\/p>\n

Source: Investing
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Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint \ud83d\udcccU.S. stock indexes closed lower on Tuesday due to several factors impacting investor sentiment. The Dow Jones Industrial Average declined by 1.01% (336.46 points), the S&P 500 dropped by 0.64% (26.38 points), and the Nasdaq Composite dipped by 0.18% (22.16 points). Home […]<\/p>\n","protected":false},"author":9,"featured_media":6301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[74],"tags":[],"class_list":["post-6296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nWall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint - New Momentum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/new-momentum.com\/wall-street-ends-lower-as-home-depot-outlook-and-us-retail-sales-disappoint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint - New Momentum\" \/>\n<meta property=\"og:description\" content=\"Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint \ud83d\udcccU.S. stock indexes closed lower on Tuesday due to several factors impacting investor sentiment. 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