🔴 The Home Depot is trading 3.14% down today as Treasury yields climb

The Home Depot is trading 3.14% down at $333.48 as Treasury yields resumed climbing, pressuring equities and reversing part of August 19’s rally.

• The Dow is down 0.67%, while the S&P 500 and Nasdaq are also lower.
• The August 18 earnings beat and reaffirmed guidance remain supportive, but the muted reaction reflected caution around frozen housing conditions and margins.
• No new company-specific negative announcement was identified for August 20.