Consumer companies fell amid fears that retailers would take a hit to earnings because of border duties.
Home Depot ticked down after it said it plans to hold prices steady and despite cost pressures from tariffs, breaking with Walmart who President Trump recently railed against for divulging its tariff-related price-hike plans.
Separately, the home improvement retailer warned that customers were holding off on bigger ticket home projects due to macroeconomic uncertainty.
"Foot Locker got bought out by Dick's Sporting Goods at six-times EBITDA [earnings before interest, taxes, depreciation and amortization], but other companies in the same space trade at three or four-times EBITDA," said Eric Marshall, president of Dallas mutual-fund firm Hodges Capital.
"They've really been hit hard and probably been unfairly punished by worries over tariff-related risks."
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-20-25 1742ET
