Home Depot, Lowe s estimates cut in lower sector (at MarketWatch)

Home Depot, Lowe s estimates cut in lower sector (at MarketWatch)

June 28, 2010, 9:54 am

Retail stocks headed lower on Monday as home-improvement retailers Home Depot Inc. and Lowe s Cos. saw their profit estimates lowered at both FBR Capital Markets and Credit Suisse. The S&P Retail Index fell 0.7% to 405.05 after the Commerce Department estimated that the savings rate for U.S. households rose to the highest level in eight months in May as incomes grew faster than spending.