Shares of Home Depot Inc. (HD) took a 4.0% dive, to pace the Dow Jones Industrial Average's premarket decliners, after the home improvement retailer missed fiscal first-quarter sales expectations and cut its full-year sales and profit guidance. The stock's implied price decline ahead of the open would shave about 77 points off the Dow's price, while Dow futures fell 81 points, or 0.2%. Meanwhile, futures for the S&P 500 eased 0.1% and futures for the Nasdaq 100 edged up less than 0.1%.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 16, 2023 07:08 ET (11:08 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.