Home Depot Shares Rally on Improved Sales Amidst Housing Market Revival
Home Depot's stock experienced a significant surge following the company's announcement of accelerated sales growth during the second quarter. The retailer's performance improved as lower interest rates began to positively influence the U.S. housing market. The company also reaffirmed its positive annual outlook, indicating a steady trajectory for its financial year. This uptick reflects a renewed customer engagement in home improvement projects, despite ongoing caution regarding larger discretionary spending.