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Home Depot earnings fall short, U.S. stock market struggles off retail slump in July

Home Depot saw its stock fall after a weak earnings report. The retailer suffered the loss after missing Wall Street estimates for same-store sales for the first time in nearly two years.

The coronavirus pandemic prompted shoppers to get going in 2020 with home improvement projects, leading to sharp increases in sales over the following quarters.


Shortages were blamed for the overall decline of retail sales during the month of July. Concerns over the Delta variant of COVID-19 also played a role.

Looking forward, economists wonder what August, September, and October will look like, as the weather changes, and Covid numbers increase amid the Delta variant’s rise.



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