Home Depot second-quarter sales bounce back, results top estimates

Home Depot second-quarter sales bounce back, results top estimatesThe No. 1 U.S. home improvement chain also raised its earnings and revenue forecasts for the year. Consumers are investing in their homes, even as higher mortgage rates and rising real estate prices have hurt home sales this summer. Sales of new U.S. single-family homes fell to an eight-month low in June and data for the prior month was revised sharply lower, the latest indication the housing market was slowing down.