Home Depot's stock drops as housing market weakness, lack of storms hurt demand

Core Insights - Home Depot's stock experienced a decline following an earnings miss and a pessimistic outlook, primarily due to a lack of storms and ongoing weakness in the housing market impacting demand [1] Financial Performance - The company's earnings report indicated a shortfall compared to expectations, contributing to the stock drop [1] - The overall performance was negatively influenced by external factors such as weather conditions and market trends in housing [1] Market Conditions - The housing market continues to show signs of weakness, which has adversely affected consumer demand for Home Depot's products [1] - The absence of storms, which typically drive sales in home improvement sectors, further exacerbated the situation [1]