ATLANTA--(BUSINESS WIRE)--Floor & Decor (NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its newest warehouse in Washington, located at 19545 Woodinville Snohomish Road NE, Woodinville. The warehouse store and design center has opened with a team of approximately 35 full-time and 15 part-time associates and is led by Shane Hopka, the store's Chief Executive Merchant. Floor & Decor ope. ...

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].

US stocks retreated on Tuesday as worries about an AI bubble and the broader US economy continued to set markets on edge, with a pivotal Nvidia (NVDA) earnings report and shutdown-delayed jobs data on the horizon. The Dow Jones Industrial Average (^DJI) fell around 1.1%, or nearly 500 points, adding to a rough four-day sell-off. The tech-heavy Nasdaq Composite (^IXIC) pulled back nearly 1.2%. The S&P 500 (^GSPC) was roughly 0.8% lower, rebounding from earlier in the session but still notching its fourth c ...

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 ...

CONCLUDED Stock Market News From Nov. 18, 2025: Dow, S&P 500 Drop as Chip Stocks Get Thrown Out Last Updated: 4 hours ago The S&P 500 Might End Its Losing Streak as Breadth Improves By Karishma Vanjani Network Cryptocurrencies Data Magazine Markets Stock Picks Barron's Live Roundtable Barron's Stock Screen Personal Finance Streetwise Advisor Directory The gainers in the S&P 500 are outpacing the index's losers. More than 340 stocks in the S&P 500 were gaining on Tuesday, while 158 were declining. Home Depot ...

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].