Advertisement
Canada markets close in 1 hour 34 minutes
  • S&P/TSX

    21,966.46
    +81.08 (+0.37%)
     
  • S&P 500

    5,105.74
    +57.32 (+1.14%)
     
  • DOW

    38,286.41
    +200.61 (+0.53%)
     
  • CAD/USD

    0.7318
    -0.0005 (-0.07%)
     
  • CRUDE OIL

    83.89
    +0.32 (+0.38%)
     
  • Bitcoin CAD

    87,452.33
    -1,094.16 (-1.24%)
     
  • CMC Crypto 200

    1,383.71
    -12.82 (-0.95%)
     
  • GOLD FUTURES

    2,350.80
    +8.30 (+0.35%)
     
  • RUSSELL 2000

    2,004.03
    +22.91 (+1.16%)
     
  • 10-Yr Bond

    4.6710
    -0.0350 (-0.74%)
     
  • NASDAQ

    15,930.96
    +319.20 (+2.04%)
     
  • VOLATILITY

    15.11
    -0.26 (-1.69%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Home Depot Proves It’s an Essential Shopping Outlet

Home Depot Proves It’s an Essential Shopping Outlet

Investors had high hopes for Home Depot's (NYSE: HD) first-quarter earnings report even though the COVID-19 pandemic pressured most of the retail industry. The chain responded to the pandemic by cutting store hours and making other moves aimed at limiting customer traffic, yet expectations were for robust sales growth as many consumers used the shelter-in-place time to work on home projects. Home Depot's report confirmed this bullish reading and showed that the market leader was a key shopping destination over the last few months.