Home Depot's Stock Plummets, Medtronic Shines

Home Depots stock plummeted, making it the worst-performing company in the S&P five hundred, after reporting lower-than-expected earnings and cutting its full-year forecast. The home improvement giant cited ongoing challenges in the housing market and homeowners delaying remodeling projects due to economic uncertainty. Meanwhile, medical device maker Medtronic saw its shares advance, driven by strong demand across its various markets. The market showed a mixed picture, with some companies facing headwinds while others found success. Investors are closely watching upcoming economic data and earnings reports to gauge the overall health and direction of the market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.