Good morning and welcome to Markets Desk.
Home Depot delivered a beat this quarter, posting revenue of forty-seven point eight six billion dollars against Wall Street's forty-seven point two four billion estimate. The driver wasn't big renovation projects — it was smaller DIY work, as homeowners stuck in place by an unaffordable housing market spent on repairs rather than moves. Affordability constraints are, paradoxically, a tailwind for the retailer.
Meanwhile, an unnamed executive at a surging energy company offloaded fifty-two thousand one hundred shares worth an estimated eleven point seven million dollars following a one hundred and one percent gain over the past year. Insider selling after a double isn't unusual, but the scale here is notable — it's the kind of move that prompts investors to ask whether the smart money sees limited upside from current levels.
And on the macro side, a Bloomberg NEF analysis finds that ninety-nine proposed natural gas plants tied to data center development would collectively emit roughly three hundred and eighteen million metric tons of carbon dioxide annually. That figure represents a twenty percent increase in U.S. power sector emissions — a direct collision between AI infrastructure demand and the climate commitments tech giants have made publicly.
That's the tape. Markets Desk, signing off the floor.
