Why Home Depot Stock Pulled Back Today

The hot inflation report weighed on the home improvement retailer.Shares of Home Depot (HD -3.00%) were moving lower today as the home improvement retailer responded to the hotter-than-expected inflation report this morning.As the nation's leading home improvement retailer, Home Depot has significant exposure to the housing market, and the higher-than-expected inflation reading means that mortgage rates are less likely to come down soon, making a housing recovery less likely.As a result, the stock was down ...