Lowe'S Cos Inc

U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.

Home Depot stock advanced 1.5% Friday, closing at $380.72, while the broader market declined. The home improvement retailer's performance remains tied to interest rates and sluggish housing turnover, with key economic reports due next week.

The average 30-year fixed mortgage rate declined to 5.98% this week, marking its first sub-6% reading since 2022. Despite the favorable rate move, major housing equities sold off sharply as broader market concerns and sector-specific challenges weighed on sentiment.

Home Depot shares edged higher to $391.05 Friday. Markets face a compressed week with critical Fed minutes and economic data ahead of the retailer's quarterly report.

Home Depot stock advanced 2.6% to $390.84, outpacing a flat S&P 500, as investors rotated into consumer stocks following soft retail sales data. The focus now shifts to the company's quarterly report on February 24.

Home Depot stock fell 1.3% on Monday, underperforming broader market gains. Investors await upcoming inflation and employment reports, along with the retailer's quarterly results on February 24.

Home Depot shares underperformed the broader market rally Friday as investors await key inflation and employment reports ahead of the retailer's quarterly results later this month.