Weakening Hurricane Irma Put Pressure on Home Depot and Lowe’s Shares

Home improvement retailers Home Depot and Lowe’s had enjoyed an 8% boost in share price since August 24 as consumers in Texas and, more recently, Florida scrambled to prepare for Hurricane Harvey and Hurricane Irma.

But the hurricane-stock rally ended Monday with both companies seeing share prices fall, driven by lower-than-expected damage from Hurricane Irma, Lowe’s share price opened at 77.94 and then dropped 1.73% by mid-morning. Home Depot’s shares opened at 158.42 and then fell...

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