Why Home Depot Is Sinking Today

A closely watched government inflation gauge came in hotter than expected in January, fueled in part by an uptick in housing costs. If the trend continues, it could put a damper on housing sales and home improvements.Investors are reading the data as bad news for Home Depot (NYSE: HD), sending the home improvement giant's stock down 3% as of 10:30 a.m. ET.The housing sector is closely linked to interest rates. For most families, buying a house -- or doing a major remodeling project -- can be the largest single expense in their lifetime. So, when rates are higher, construction and renovation activity tends to decline.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool