Home Depot Faces Weak Start with 4.09% Gap Down Amid Market Concerns

The Home Depot, Inc., a prominent player in the Furniture and Home Furnishing industry, opened today with a notable loss of 4.09%. This decline is part of a broader trend, as the stock has experienced a 6.02% decrease over the past day, significantly underperforming the S&P 500, which saw a modest decline of 0.92%. Over the past month, The Home Depot's performance has been even more pronounced, with a 14.14% drop compared to a slight gain of 0.13% for the S&P 500.
In terms of technical indicators, the stock is currently showing a mildly bearish trend on both weekly and monthly MACD readings. The Bollinger Bands also reflect a bearish sentiment, while daily moving averages indicate a mildly bullish outlook. The company's market capitalization stands at approximately USD 730.86 billion, with a price-to-earnings ratio of 44.00. The Home Depot boasts a high dividend yield of 94.24% and a return on equity of 137.17%, although it carries a debt-to-equity ratio of 4.51, indicating a significant level of leverage.