Home Depot Points To More Weakness, Confirms Systems Breach
By Ryan Vlastelica | Sep 09, 2014 09:06 AM EDT
Shares of Home Depot Inc are down 0.6 percent in heavy premarket trading on Tuesday, a day after the home improvement retailer confirmed that its payment security systems had been breached.
The Dow component is on track for its second straight day of losses, and it is down 2.9 percent so far in September.
Home Depot's breach was first reported earlier this month. The stock had been doing well until then, and is coming off a jump of 15.6 percent in August, a rally that represented its best one-month performance since December 2010. Gains in August came on strong quarterly results, which took the stock to record levels.
Peer retailer Lowe's Companies Inc is up almost 2 percent in September.
Futures snapshot at 8:45 EDT :
S&P 500 e-minis are falling 0.75 points, or 0.04 percent, with 131,505 contracts changing hands.
Nasdaq 100 e-minis are gaining 1.5 points, or 0.04 percent, in volume of 24,293 contracts.
Dow e-minis are down 9 points, or 0.05 percent, with 23,767 contracts changing hands.
Most Popular
-
1
Setting Boundaries: Why It Is Important to Separate Personal and Professional Relationships -
2
Workplace Distractions That Kill Productivity: It's in Our Hands All the Time -
3
Airlines Industry Report: Passenger and Cargo Airline Employment Statistics as of May 2024 -
4
Diehard Democrat Fired After Posting What She Intended to Be 'Comedic' About Trump’s Assassination -
5
Customs and Border Protection Works with Canines as Biosensors of Smuggled Fentanyl, Firearms at the Mexico Border -
6
Secret Service Faces Scrutiny Over Trump’s Assassination, Causing Calls for The Chief’s Resignation -
7
Even Elon Musk Hates Office Jargons. Here’s Why