Some Light Pressure After Home Depot Earnings

Softer than expected Q1 corporate performance metrics, as well as negative revisions to the near-term EPS and broader performance projections from Home Depot bias e-minis away from their recovery highs, with the name last showing a little over 4% lower pre-market. The company also flagged a deepening of broad-based pressure across the business. Inflationary pressures faced by consumers (diverting spending elsewhere) and the move away from the COVID-refurbishment trends present some headwinds for the company. S&P 500 e-minis last sit the best part of 0.2% softer vs. settlement after paring overnight losses at one stage of European morning trade.