Why is the stock market down?
Asked 1 hour ago
Answer
The stock market is down due to high valuations, especially in tech and AI sectors, seasonal declines in liquidity, anticipation of major earnings reports, and ongoing economic uncertainty. Analysts highlight overvaluation concerns, weak demand, and rising competition in tech. Investors are also reacting to mixed earnings, such as from Home Depot, and are turning to gold as a hedge. Market direction may depend on upcoming earnings and consumer spending data.
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Home Depot cuts earnings outlook as demand falls short
CNBC · Just In
CNBC
Just In
- Home Depot reported Q3 adjusted earnings of $3.74 per share, missing estimates by $0.10, with revenue at $41.35 billion, slightly above expectations. 5s
- The company lowered its full-year guidance, now forecasting 3% sales growth and a 5% earnings decline, reflecting weaker Q3 results and a cautious Q4 outlook. 25s
- Comparable sales growth was minimal, with US segment comps up just 0.1%, and the company cited a lack of storms and ongoing consumer uncertainty as key factors. 1m 8s
- Home Depot implemented modest price increases in some categories due to tariffs, but management does not believe these significantly impacted demand. 1m 49s
- This is the third consecutive quarter Home Depot has missed earnings expectations, a rare event not seen since at least 1995. 3m 14s
