Arthur Blank, owner of football’s Atlanta Falcons and soccer’s Atlanta United, is starting a venture fund that will invest in early-stage sports industry businesses.
In boxing, they say it’s the punch you don’t see coming that hurts the most. It’s the opposite today on Wall Street, where stocks are falling sharply despite a blow from the Fed that almost everyone probably knew was in the works.
Home Depot Inc. (NYSE: HD) revealed its sales rose more slowly than earlier in the pandemic that brought on a rapid surge in home improvement spending. The earnings and revenue beats were not enough to offset weakening DIY trends that did all the talking.
U.S. indices were trading lower Tuesday amid macro uncertainty due to COVID-19 concerns. Investors also weighed today's Home Depot (NYSE: HD) earnings and a drop in retail sales.
If the phrase, “Never sell a dull market” needs a perfect example, yesterday might be the one. We had a really impressive rally despite very little market-related news. Today, the long streak of positive performances appears to be threatened.
The Home Depot Inc (NYSE: HD) is trading lower Tuesday after the company announced its second-quarter financial results and reported that customer transactions were down 5.8% year over year.