Why Home Depot Stock Slipped Today

Shares of Home Depot (HD -4.06%) finished lower today as investors seemed to give a thumbs-down to its deal to buy SRS Distribution, a leading specialty-trade company that will help it expand its presence in the pro market.The stock closed down 4.1%. Home Depot makes a big moveHome Depot will acquire SRS Distribution for $18.25 billion, including debt, and will pay for the deal with cash on hand in debt.The move will expand Home Depot's addressable market by an estimated $50 billion, but the company said it ...