U.S. stocks pulled back Tuesday morning as Wall Street recalibrated expectations on growth and inflation amid rising fiscal risks tied to President Donald Trump's sweeping tax proposal.
According to a report by Reuters, no formal decision has been made yet, but Intel has been approaching investment bankers to select an adviser for the sales process.
Home improvement retail giant Home Depot (NYSE:HD) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 9.4% year on year to $39.86 billion. Its non-GAAP profit of $3.56 per share was 0.8% below analysts’ consensus estimates.
U.S. stock futures were slightly lower on Tuesday after ending largely flat on Monday. Futures of major benchmark indices were trading lower in premarket.
The two companies dominate the home improvement retail space, a category where consumer spending typically rises during periods of strong economic confidence.
The brokerage believes the S&P 500's upside through the 6,100 mark depends on continued reacceleration in earnings revisions, as interest rate relief remains elusive.
Senate minority leader, Chuck Schumer (D-N.Y.), is not holding back in his criticism of President Donald Trump over rising consumer prices, placing blame squarely on the latter's tariff policies.
