-0.99% to $302.47 from $305.48
What moved HD
- Home Depot shares fell as the prospect of sustained high mortgage rates weighed on the housing outlook following the Fed’s rate decision.
- Consumer-facing names tied to housing and big-ticket spending came under pressure as the rate hike raised borrowing-cost concerns.
Sources: Bloomberg
-3.12% to $343.43 from $354.48
What moved HD
- Home Depot said Chairman, President and CEO Ted Decker is taking a medical leave of absence that the company expects to last several months.
- Senior Executive Vice President Ann-Marie Campbell will oversee day-to-day operations, CFO Richard McPhail will handle financial management and the Pro business, and lead independent director Greg Brenneman will chair the board during Decker’s absence.
- The company announced the leave and interim leadership plan on Wednesday, about a week before its scheduled fiscal second-quarter earnings report.
Sources: Bloomberg · UPI · CBS News