Why Home Depot Stock Was Sliding Today

Trump's victory could derail a potential housing recovery. Shares of Home Depot (HD -3.19%) were pulling back today even though there was no company-specific news out on the stock. Instead, investors in the home improvement retailer were reacting to Donald Trump's victory. While stocks were up broadly, the real estate sector was down as Treasury yields jumped, a sign that investors think that interest rates could rise in a Trump administration due to deficit spending and tariffs, which could lead to inflati ...