Shares of Home Depot rose nearly 9 percent in early trading on May 20 after the Atlanta-based home-improvement company said it doesn’t plan to raise in-store prices despite concerns of a possible recession in the first quarter.
During the company’s conference call ahead of the opening bell, Home Depot chairman and CEO Ted Decker told Wall Street analysts that the company is still seeing an increase in customer visits and spending amid concerns about tariffs and last week’s highly watched national report indicating a decline in consumer confidence nationwide.
