Another major Dow component housing sector dependent Home Depot weighed in with slightly disappointing results. Shares gained nearly percent in premarket trading. We have set the stage for a successful fourth quarter he added. We are facing a tough environment as housing indicators continue to deteriorate. Our financial performance in the third quarter reflects these tough conditions said Frank Blake chairman CEO. But economists say the figures will not necessarily reflect an improvement in consumer spending. If it s a negative result I think that should be seen as a reflection of the whole economy. Home Depot shares slipped percent in premarket trading. Shares rose more than . percent in premarket trading. ET with economists predicting a percent drop for the month smaller than the . percent drop in August. Also the Federal budget statement comes out at p. I kind of think the market is going to encounter a technical rebound today. The move put oil more! than a barrel off its high of . a barrel last Wednesday. percent gain in Monday trading to close at . A reading above generally is considered to represent a volatile market. com Print this Email this Cover U.
Source: www.cnbc.com/id/21766495
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