Why Home Depot, Deckers Outdoor, and Consumer Stocks in General Dropped on Monday
The stock market dropped sharply on Monday as tariff concerns, a falling dollar, and rising yields hit the stock market. Consumer goods companies look like they're facing a very uncertain year.The most notable moves on Monday came in home improvement retail, consumer retail, and fashion. Home Depot (NYSE: HD) dropped 3.6% on Monday, Lowe's Companies (NYSE: LOW) was down 2.8%, Boot Barn Holdings (NYSE: BOOT) fell 2.6%, and Deckers Outdoor (NYSE: DECK) had dropped 2% by market close.The market continues to look for signs that a tariff deal or two is on the way, with reports over the weekend that Japan, Europe, and even China were open to talks. But when the market opened on Monday, there were no deals. And tariffs of 20% or more were still in place.Continue reading
The stock market dropped sharply on Monday as tariff concerns, a falling dollar, and rising yields hit the stock market. Consumer goods companies look like they're facing a very uncertain year.
The most notable moves on Monday came in home improvement retail, consumer retail, and fashion. Home Depot (NYSE: HD) dropped 3.6% on Monday, Lowe's Companies (NYSE: LOW) was down 2.8%, Boot Barn Holdings (NYSE: BOOT) fell 2.6%, and Deckers Outdoor (NYSE: DECK) had dropped 2% by market close.
The market continues to look for signs that a tariff deal or two is on the way, with reports over the weekend that Japan, Europe, and even China were open to talks. But when the market opened on Monday, there were no deals. And tariffs of 20% or more were still in place.