Stocks slide on conflicting US economic data, Fed remarks - News Summed Up

Stocks slide on conflicting US economic data, Fed remarks


The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Feb. 26. Home improvement retailer Home Depot felt the brunt of a weakening housing market and fell after weak results in the fourth quarter. HOME IMPROVEMENT RUT: A weak housing market helped slam the brakes on growth for home improvement retailer Home Depot. The company also expects weak sales this year. The housing market initially cooled last year as average 30-year mortgage rates climbed to nearly 5 percent.


Source: Washington Post February 26, 2019 10:41 UTC



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