Home Depot Shares Are Trading Lower: What You Need To Know
Home Depot Shares Are Trading Lower: What You Need To Know
Home Depot, Inc. (NYSE:HDHTTPS, NYSE:HD) shares are facing downward pressure Monday following an unexpected decline in U.S. construction spending for May.
家得宝公司（纽交所代码: HDHTTPS, NYSE:HD）股票周一面临下行压力，因为美国五月份建造业支出意外下降。
What To Know: The 0.1% drop dip contrasts sharply with economists' forecasts of a 0.2% rise. The decline in construction spending was primarily driven by a 0.3% drop in private construction projects, marking a setback after a 0.4% increase in April.
需要知道的事情: 下降了0.1%，与经济学家预测的0.2%上升形成鲜明对比。建造业支出下降主要是由私人建造项目下降0.3%导致的，这标志着4月份0.4%的增幅之后的一次挫败。
Residential construction, a key component, saw a 0.2% decrease as higher borrowing costs curbed demand for new homes. Notably, spending on new single-family construction projects fell by 0.7%, underlining the challenges faced by homebuilders amidst elevated mortgage rates, according to a report by Reuters.
重要组成部分——住宅建筑，下降了0.2%，由于借贷成本上涨抑制了对新房的需求。据路透社报道，支出在新的单户建筑项目上的支出下降了0.7%，凸显出房屋建筑商在高利率下面临的挑战。
In contrast, public construction projects showed resilience with a 0.5% increase in spending, buoyed by a notable 3.1% surge in federal government projects.
与此形成对比的是，公共建造项目的表现表现出韧性，在支出上增长了0.5%，因为联邦政府项目显著增长了3.1%。
HD Price Action: Home Depot shares were down by 2.05% at $337.17 at the time of writing, according to benzinga Pro.
HD价格走势: 根据Benzinga Pro, 家得宝股票在写作时下跌2.05%，报337.17美元。
Photo via Shutterstock.
图片来自shutterstock。