overnight. The Dow Jones Industrial Average futures were down by as many as 300 points, while the other composites were off in tandem. The negative sentiment carried on through the start of trading, and the market slid further. Still, theinto the final portion of the session, recovering some of the losses. All told, the
Shares of The Home Depot(HD)were little changed after the worlds largest home-improvement retailer released decent fiscal first-quarter(ended May 5th) financial results. Sales in the three-month period increased 5.7% from a year earlier, to $26.381 billion, nearly matching our $26.400 billion target. That said, comparable-store sales growth of 2.5% was below consensus analyst estimates of 4.2%. Inclement weather and an extra week in the previous year weighed on the retailers same-store sales.
Walmart(WMT)sharestrade higheron thereleaseof theretail giants fiscal first-quarter financial results.