Aug 19 - The Dow Jones Industrial Average moved higher on Tuesday as Home Depot (NYSE:HD) shares rose after the retailer reaffirmed its annual guidance, keeping attention on the strength of U.S. consumer spending. The S&P 500 and Nasdaq Composite slipped slightly ahead of the Federal Reserve's Jackson Hole symposium later this week.
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Home Depot gained more than 4% despite missing quarterly earnings estimates, while rival Lowe's (LOW) advanced over 2% as traders looked ahead to results from Walmart (NYSE:WMT) and Target (NYSE:TGT). Consumer spending, which drives about 70% of U.S. economic activity, remains a key focus as new tariffs weigh on confidence.
Intel (INTC) climbed 10% after securing a $2 billion investment from SoftBank Group (NYSE:TSE), marking its highest level since March. Palo Alto Networks (PANW) added nearly 5% after projecting stronger fiscal 2026 revenue and earnings, while Medtronic (MDT) slipped over 4% following news of new board appointments tied to Elliott Investment Management's stake.
Broader indexes have rebounded from April lows, with investors balancing corporate earnings momentum against interest rate expectations and tariff impacts.
This article first appeared on GuruFocus.
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Dow lifts on Home Depot rebound, S&P 500 and Nasdaq slip ahead of Fed
Published 2 months ago
Aug 19, 2025 at 5:05 PM
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