{"id":10348,"date":"2023-05-18T08:02:15","date_gmt":"2023-05-18T12:02:15","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/stock-market-today-dow-closes-lower-as-energy-home-depot-slip\/"},"modified":"2023-05-18T08:02:16","modified_gmt":"2023-05-18T12:02:16","slug":"stock-market-today-dow-closes-lower-as-energy-home-depot-slip","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=10348","title":{"rendered":"Stock market today: Dow closes lower as energy, Home Depot slip"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Investing.com — The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly results weighed on stocks.<\/p>\n

The fell 1%, or 336 points lower, the fell 0.1%, and the was down 0.6%.<\/p>\n

Home Depot <\/span><\/span> (NYSE:) fell more than 2% after reporting quarterly revenue that Wall Street expectations, weighed down by a fall in lumber prices and a weaker start to spring.<\/p>\n

\u201cWe view these results negatively, and see an incremental negative read-through to Lowe\u2019s (NYSE:) and other home-oriented retailers,\u201d Wedbush said in a note as the broader retail sector fell more than 1% on the day.<\/p>\n

Sentiment on retailers was also hurt by data showing U.S. retail sales of expectations in April, signaling waning consumer strength.<\/p>\n

Retail sales were \u201cheld back by weakness in gasoline station sales, which was surprising given the increase in prices at the pump during the month,\u201d Jefferies said.<\/p>\n

Energy was the biggest drag on the broader market as weaker-than-expected Chinese economic data overshadowed expectations for a step up in energy demand.<\/p>\n

The International Energy Agency hiked its forecast for global oil demand by 200,000 barrels per day to a record 102 million bpd.<\/p>\n

Valero Energy <\/span><\/span> Corporation (NYSE:), Halliburton Company (NYSE:), and Targa Resources Inc <\/span><\/span> (NYSE:) were among the biggest decliners in energy.<\/p>\n

Technology stocks resumed their upward momentum, led by Google (NASDAQ:) and Microsoft (NASDAQ:), with the latter boosted by progress on its $69 billion deal to buy Activision Blizzard (NASDAQ:) after the deal won approval from the European Union a day earlier.<\/p>\n

The approval of the deal from regulators in the EU is an “incremental positive” for Microsoft\u2019s appeal against the UK competition watchdog, which recently blocked the deal.<\/p>\n

Financials continued to drag on the broader market, though a 2% climb in Capital One <\/span><\/span> (NYSE:) helped keep losses in check after Warren Buffet\u2019s Berkshire Hathaway (NYSE:) took a new nearly $1B position in the company.<\/p>\n

Also weighing on the broader market, U.S. Treasury Secretary Janet Yellen reaffirmed that the U.S. could default as soon as June 1 should Congress fail to reach a deal to lift the debt ceiling.<\/p>\n

President Joe Biden will reportedly cut his trip to the G-7 leaders summit short to ramp up efforts to make progress on the debt ceiling deal.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Investing.com — The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly results weighed on stocks. The fell 1%, or 336 points lower, the fell 0.1%, and the was down 0.6%. Home Depot (NYSE:) fell more than 2% after reporting quarterly revenue that […]<\/p>\n","protected":false},"author":1,"featured_media":10349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-10348","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nStock market today: Dow closes lower as energy, Home Depot slip | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com -- The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=10348\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock market today: Dow closes lower as energy, Home Depot slip | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Investing.com -- The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=10348\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T12:02:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-18T12:02:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB890O1_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10348#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10348\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Stock market today: Dow closes lower as energy, Home Depot slip\",\"datePublished\":\"2023-05-18T12:02:15+00:00\",\"dateModified\":\"2023-05-18T12:02:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10348\"},\"wordCount\":393,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=10348#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10348\",\"url\":\"https:\/\/ifintechworld.com\/?p=10348\",\"name\":\"Stock market today: Dow closes lower as energy, Home Depot slip | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-18T12:02:15+00:00\",\"dateModified\":\"2023-05-18T12:02:16+00:00\",\"description\":\"\u00a9 Reuters. Investing.com -- The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10348#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=10348\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10348#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stock market today: Dow closes lower as energy, Home Depot slip\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stock market today: Dow closes lower as energy, Home Depot slip | iFintechWorld","description":"\u00a9 Reuters. Investing.com -- The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=10348","og_locale":"en_US","og_type":"article","og_title":"Stock market today: Dow closes lower as energy, Home Depot slip | iFintechWorld","og_description":"\u00a9 Reuters. Investing.com -- The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly","og_url":"https:\/\/ifintechworld.com\/?p=10348","og_site_name":"iFintechWorld","article_published_time":"2023-05-18T12:02:15+00:00","article_modified_time":"2023-05-18T12:02:16+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB890O1_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=10348#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=10348"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Stock market today: Dow closes lower as energy, Home Depot slip","datePublished":"2023-05-18T12:02:15+00:00","dateModified":"2023-05-18T12:02:16+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=10348"},"wordCount":393,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=10348#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=10348","url":"https:\/\/ifintechworld.com\/?p=10348","name":"Stock market today: Dow closes lower as energy, Home Depot slip | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-18T12:02:15+00:00","dateModified":"2023-05-18T12:02:16+00:00","description":"\u00a9 Reuters. Investing.com -- The Dow closed lower Tuesday as a slump in energy and a Home Depot-led slip in retailers following disappointing quarterly","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=10348#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=10348"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=10348#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Stock market today: Dow closes lower as energy, Home Depot slip"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/10348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10348"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/10348\/revisions"}],"predecessor-version":[{"id":10350,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/10348\/revisions\/10350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/10349"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}