Home Depot and Lowe's Shares Drop After Fed Holds Interest Rates Steady
Shares of Home Depot (NYSE: HD) and Lowe's Companies (NYSE: LOW) fell between 2.5% and 3% following the Federal Reserve’s decision to keep interest rates unchanged, despite a unanimous vote. The rate hold disappointed investors who had hoped for cuts that could stimulate housing activity.
Topics: Federal Reserve Home Depot housing market Lowe's stock volatility