Home Depot's stock drop accounts for more than half of Dow's early selloff

Shares of Home Depot Inc. dropped 2.0% in premarket trade Tuesday, pulling back from a 3-month-high close in the previous session, after the home improvement retailer reported a fiscal first-quarter profit that beat expectations, but revenue and same store sales that missed. The stock's price decline would shave about 26 points off the Dow Jones Industrial Average's price, and Dow futures were down 43 points. The stock had rallied 4.1% amid a five-session win streak through Monday, to close at the highest level since Feb. 7. The stock had gained 0.8% year to date through Monday, while shares of rival Lowe's Companies Inc. had shed 6.8%, the SPDR S&P Retail ETF had advanced 2.0% and the Dow had tacked on 0.7%.