Tuesday, May 16, 2023

Wall Street closes lower after Home Depot outlook, US retail sales

US stock indexes closed lower on Tuesday due to weak consumer spending, a disappointing forecast from Home Depot and uncertainty surrounding interest rates and debt limit negotiations. Home Depot declined 2.15%, causing the company to cut its annual sales forecast while retail sales for April rose by 0.4%, below the estimated increase of 0.8%.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dmF7Jxy

No comments:

Post a Comment