HD is trading at $300.94 (-3.1%) as surging Producer Price Index (PPI) data dampens Federal Reserve rate-cut hopes and triggers broader market weakness.
- The PPI rose 0.9%–1.4% month-over-month, marking the largest increase in four years and fueling hawkish sentiment across the market.
- Home Depot is underperforming the Dow Jones (-0.57%) as investors pull back from consumer cyclical stocks sensitive to interest rates and persistent inflation.
- The decline extends losses from the prior session's close of $310.46, reflecting heightened caution over discretionary spending and geopolitical energy risks.