Home Depot (HD) NewsBite - HD Down on Manufacturing Report
Posted on February 15, 2008 at 05:33 AM EST
Home Depot Inc (HD) opened at $27.67. So far today the stock has hit a low of $26.99 and a high of $27.67. HD is now trading at $27.36, down 0.15 (-0.55%). After hitting a one-year high of $41.85 last February, the stock hit a one-year low of $23.77 in January. HD shares are down with the broader market this morning after the Federal Reserve reported that industrial production increased by only 0.1 percent in January, in line analysts' expectations. This news, combined with Ben Bernanke's warnings of a sluggish 2008 in Congressional testimony yesterday, has investors feeling bearish about the prospects of the econom...(Please Click Article Link To View Entire Article)