For those who view technical analysis as an important part of their investment or trading tool kit, these are interesting times. Even those who dismiss it out of hand may have to respect its potential impact on markets right now.Amazon is raising $15 billion in its ‌first bond issue in three years, Boaz Weinstein's Saba Capital Management has sold credit derivatives to lenders seeking protection on names like Oracle and Microsoft, and alternative asset manager Blue Owl - involved with Meta in the financing ...

Market Outlook - Markets are anticipating Nvidia's earnings report for insights on the AI outlook, along with earnings from Target and Walmart to gauge consumer spending health [1] - The US Nov NAHB housing market index unexpectedly rose by 1 to a 7-month high of 38, surpassing expectations of no change at 37 [1] Labor Market and Economic Indicators - US weekly initial unemployment claims were reported at 232,000 for the week ending October 18, with continuing claims rising by 10,000 to a 2-month high of 1.957 million [2] - Richmond Fed President Barkin's dovish comments regarding layoffs by large companies and inflation expectations supported stock market recovery [2] - The 10-year T-note yield fell by 2 basis points to 4.12% following ADP's report of an average job loss of 2,500 per week in the four weeks ending November 1 [2] Stock Market Performance - US stock indexes extended declines, with the S&P 500, Dow Jones, and Nasdaq 100 reaching 1-month lows, driven by weakness in technology stocks [3][4] - Amazon.com and Microsoft saw significant declines of over 4% and 2% respectively after a downgrade by Rothschild & Co Redburn [3][10] - Home Depot's stock fell over 6% after cutting its full-year earnings guidance, indicating reduced consumer spending on home improvements [3][12] Earnings Season Insights - Q3 corporate earnings season is nearing completion, with 82% of S&P 500 companies exceeding forecasts, leading to a 14.6% increase in earnings, significantly above the expected 7.2% [6] - Home Depot reported Q3 comparable sales growth of only 0.2%, below the consensus of 1.36%, and adjusted its full-year operating margin estimate downwards [12] International Market Trends - Overseas stock markets also experienced declines, with the Euro Stoxx 50 down 1.88%, China's Shanghai Composite down 0.81%, and Japan's Nikkei 225 down 3.22% [7] Interest Rates and Bond Market - December 10-year T-notes closed up by 4.5 ticks, with the yield falling to 4.121%, driven by stock market weakness and labor market concerns [8] - European government bond yields showed mixed results, with the 10-year German bund yield decreasing by 0.6 basis points [9]

Core Viewpoint - Home Depot reported third-quarter adjusted earnings that fell below analyst expectations, leading to a 3% decline in stock price despite revenue slightly exceeding forecasts [1]. Financial Performance - Adjusted EPS for the third quarter was $3.74, which was lower than the consensus estimate of $3.84 [2]. - Revenue increased by 2.8% year over year to $41.4 billion, surpassing expectations of $41.18 billion [2]. - The revenue figures included approximately $900 million from the acquisition of GMS Inc., accounting for around eight weeks of consolidation [2]. - Comparable sales rose only 0.2%, with U.S. comparable sales up 0.1%, indicating ongoing softness in the housing market and consumer spending [2]. Future Outlook - Home Depot updated its fiscal 2025 outlook, projecting approximately 3% total sales growth and "slightly positive" comparable sales for the comparable 52-week period [3]. - Adjusted diluted earnings per share are expected to decline by roughly 5% from fiscal 2024's figure of $15.24 [3].

Company Performance - Home Depot's stock fell 6%, marking the worst performance in the S&P 500, after the company missed third-quarter earnings forecasts and lowered its full-year profit outlook due to a lack of storms and economic uncertainty affecting homeowner remodeling projects [4][9]. - Medtronic's stock rose approximately 5% after exceeding analysts' estimates for fiscal second-quarter sales and adjusted profit, driven by strong demand in its end markets [8][10]. Market Overview - Major U.S. equity indexes declined for the second consecutive day, with the S&P 500 dropping 0.8%, the Dow sliding 1.1%, and the Nasdaq losing 1.2%, ahead of several high-profile earnings reports and delayed jobs data [3]. - Concerns regarding high valuations in the artificial intelligence sector negatively impacted tech stocks, with Western Digital and Micron Technology shares falling 5.9% and 5.6%, respectively [5]. Regulatory Developments - Amazon and Microsoft shares decreased by 4.4% and 2.7%, respectively, following the announcement of investigations by European Union regulators into their cloud computing services [6].

Core Viewpoint - Home Depot, Inc. has lowered its full-year profit forecast due to weaker demand, cautious consumer behavior, and a stalled housing market [1][4] Demand and Market Conditions - Despite stable underlying demand, an expected increase in demand for the third quarter did not occur, leading to disappointing results [2][3] - External economic conditions, particularly consumer uncertainty and pressure in the housing market, are negatively impacting home improvement demand [4][6] Housing Market Dynamics - The housing market is experiencing historically low turnover rates, currently at 2.9%, which limits new homeowners from undertaking large-scale projects [5] - The company is observing softer engagement in larger discretionary projects, where financing is typically utilized [5][6] Consumer Behavior - Consumers are hesitant to spend on major discretionary projects due to ongoing inflation and economic uncertainty, including concerns about job security [6][7] - The term "affordability" is frequently mentioned, indicating a significant concern among consumers regarding living costs [6] Company Performance and Outlook - Despite the challenges, Home Depot is executing well and believes it is gaining market share [7] - The company does not anticipate a near-term improvement in the macroeconomic environment or an increase in underlying demand [7][8]

LOGIN SUBSCRIBE | FastCo Works advertisement BY Associated Press Listen to this ArticleMore info 0:00 / 0:00 The U.S. stock market is slipping again on Tuesday, following a global sell-off, as Nvidia, bitcoin and other Wall Street stars keep falling on worries that their prices shot too high. Home Depot is also dragging the market lower after saying it made less in profit during the summer than analysts expected. The S&P 500 dipped 0.4%, following up on sharp swings the last couple weeks, and pulled ...

Core Insights - Home Depot's CEO Edward Decker indicated that contractors are adding fewer projects to their pipelines, and clients are opting for less expensive materials, suggesting a potential fatigue among affluent consumers [2][8] - The company reported a decline in earnings and sales growth for the fiscal third quarter, leading to lowered earnings expectations for the fiscal year due to various economic pressures [5][6] Economic Context - The home improvement sector has become increasingly reliant on affluent consumers, whose spending has been supported by the stock market; however, a market correction or job losses could disrupt this trend [4] - Home Depot noted that high interest rates and elevated home prices have deterred consumers from moving and undertaking home improvement projects, with housing turnover at a potential 40-year low [6][9] Financial Performance - Home Depot's comparable store sales in the U.S. increased by 0.1% year-over-year, with modest price increases contributing to higher average spending [9] - The number of transactions over $1,000 rose by 2.3% year-over-year, indicating that the increase is primarily due to contractors rather than consumers taking on larger projects [10]

CONCLUDED Stock Market News From Nov. 18, 2025: Dow, S&P 500 Drop as Chip Stocks Get Thrown Out Last Updated: 3 hours ago The Dow was on track to slide for the fourth session in a row as the blue-chip index was weighed down by its biggest components. 'The Dow Jones Industrial Average was down 342 points, or 0.7%. Out of the top 10 highest weighted stocks in the index, six were declining and four were higher. The largest decliner out of the lot was Home Depot, whose shares were down 4.5%. Home Depot also mak ...

Key Points Home Depot published its fiscal Q3 report this morning, posting an earnings miss despite recording a sales beat in the period. The home-improvement retailer's same-store sales increased just 0.1% year over year last quarter. Home Depot lowered its full-year earnings target and issued new guidance suggesting that same-store-growth may be weaker than previously anticipated. 10 stocks we like better than Home Depot › Home Depot (NYSE: HD) published its third-quarter results before the mark ...

Core Viewpoint - Home Depot has forecast a larger decline in full-year profit after missing Wall Street estimates for quarterly earnings, attributing this to tariff-driven economic uncertainty affecting demand for renovations and DIY projects [1][4]. Group 1: Financial Performance - Home Depot's shares fell approximately 4%, while rival Lowe's shares declined by 2% [3]. - The company projected annual adjusted earnings per share to decline by 5%, a revision from the previous target of a 2% drop year-on-year [7]. - Comparable sales were largely flat in the third quarter, with comparable transactions falling by 1.6% as customers delayed projects [8][10]. - Sales reached $41.35 billion, surpassing expectations of $41.10 billion, but adjusted profit per share was $3.74, missing analysts' expectations of $3.84 for the third consecutive quarter [9]. Group 2: Market Conditions - The housing market has stalled, with high mortgage rates causing homeowners to focus on essential repairs rather than big-ticket remodeling [4]. - CEO Ted Decker indicated that consumer uncertainty and ongoing pressure in the housing market are disproportionately impacting home improvement demand [4][7]. - The anticipated increase in demand due to easing US interest and mortgage rates has not materialized, raising concerns about a slowing economy [1]. Group 3: Industry Context - Home Depot's performance sets the stage for a week of earnings reports from major retailers, including Walmart and Target, as investors monitor consumer spending ahead of the holiday season amid tariff-driven cost pressures [2]. - Increased operating expenses, tariffs on imported goods, rising wages, and logistics costs have contributed to soft margin performance for the company [3].