Home Depot quarterly same-store sales beat estimates

However, buying interest has remained somewhat subdued amid the release of a few key USA economic data, including a report from the Labor Department showing an uptick in consumer prices in October.

The Dow Jones industrial average rose 99 points, or 0.6 percent, to 17,582 as of 12:12 p.m. Eastern Time.

“There’s a shift in consumer behavior, but the consumer is still spending, said Steve Goldman, principal of Goldman Management in Short Hills, NJ”.

Regulatory filings revealed several big hedge-fund managers’ positions in stocks in the third quarter. The average purchase size increased as well, gaining 0.8 percent to $58.03.

There’s a shift in consumer behavior, but the consumer is still spending. “I tend to think that retailers like Macy’s are hit harder by weather”, Nagel said”. The Motley Fool recommends Home Depot. It has 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

“Investors don’t really know which way to play this market”, said Jack Ablin, chief investment officer at BMO Private Bank. In past major attacks across the world, markets recovered to the levels before the attacks. “Investors are hoping for both”, Mr. Shepley said. “After the China selloff and the market rebound, the market has been directionless”.

US stocks forfeited gains on Tuesday after a soccer match between Germany and the Netherlands was called off over fears of a bombing.

Fed Gov. Daniel Tarullo and former Fed Chairman Ben Bernanke are due to speak later in the afternoon.

Meanwhile, industrial production fell 0.2% in October, pulled down mainly by a 2.5% decline in utilities and a 1.5% fall in mining. The so-called core CPI, which takes out food and energy costs, gained 0.2 percent.

Home Depot noted that its earnings outlook takes into account plans to repurchase about $2 billion in shares in the coming final quarter, bringing the total for the year to $7 billion. Earlier, the Dow industrials rose as much as 116 points.

Home Depot (NYSE:HD) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued on Friday, Marketbeat reports. The yield on the 10-year Treasury note rose to 2.29 percent from 2.27 percent late Monday. The stock dropped $1.89 to $20.78.

Other markets: Asian markets closed mostly higher, though the Shanghai Composite Index gave up gains by the finish and ended flat.

In Tokyo trading, commodities and resource sector stocks led the gainers after crude oil extended gains for the second day in a row and increased 2.2%. “We think that the ability of global equity benchmarks to gap up in the face of geopolitical risk reveals the positive seasonal influences that are at hand”. (NYSE:M), which reported weak results last week. (The Home Depot) is a home improvement retailer.

Wal-Mart and Home Depot rallied 3.5% and 3.8%, respectively. Shares for Home Depot’s biggest USA competitor, Lowe’s, are also up about the same over the past year. The business earned $21.80 billion during the quarter, compared to analyst estimates of $21.77 billion.

Comparable sales at its USA stores rose 7.3 percent, comfortably ahead of analysts’ average estimate of 5.9 percent.

In afternoon trade the stock fell about 10 percent, or down 25 percent for the year so far.