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MarketWatch MarketPulseNov 19, 2019
Home Depot earnings the most disappointing for investors since the financial crisis
Shares of Home Depot Inc. sank 4.9% in morning trading Tuesday, which puts them on track to suffer the biggest one-day post-earnings decline in over 10 years. Earlier, the home improvement retailer beat fiscal third-quarter profit expectations but missed on total and same-store sales, and lowered its full-year outlook. The last time the stock fell as much on the day after earnings was May 19, 2009, when the stock dropped 5.3% after fiscal first-quarter 2019 results. Since then, the most disappointing earnings report before Tuesday was Q2 2017 results on Aug. 15, 2017, when the stock fell 2.7%. The stock's $11.60 price decline on Tuesday was shaving about 79 points off the Dow Jones Industrial Average's price, which was down 19%. Home Depot's stock, which closed at a record high on Monday, has rallied 32.3% year to date, while the Dow Jones Industrial Average has gained 20.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsNov 19, 2019
CANADA STOCKS-TSX slips from record high at open as energy stocks drag
Canada's main stock index opened lower on Tuesday, easing from an all-time high hit in the previous session, after a drop in oil prices dragged down energy stocks.
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