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Wall Street Bounces Back After Home Depot Earnings Beat Expectations

2012-11-13 58 Dailymotion

<p>U.S. stocks bounced back after early losses on Tuesday after strong results from Home Depot (HD.N).<br /><br />The world's largest home improvement company climbed 4.3 percent to $63.76 after reporting earnings that beat expectations and raising its outlook. Rival retailer Lowe's Companies (LOW.N) gained 0.5 percent to $32.14.<br /><br />Global shares fell for a fifth straight day after international lenders clashed over help for Greece and on "fiscal cliff" concerns in Congress.<br /><br />The Dow Jones industrial average .DJI was up 74.71 points, or 0.58 percent, at 12,889.79. The Standard & Poor's 500 Index .SPX was up 7.49 points, or 0.54 percent, at 1,387.52. The Nasdaq Composite Index .IXIC was up 1.24 points, or 0.04 percent, at 2,905.50.</p>

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