Healthcare leading the rebound. Medtronic (MDT) is up 5% on better than expected earnings thanks to 300% growth in their pulse field ablation technology, a means to treat abnormal heart rhythms. The technology is on track to deliver a billion in incremental sales. Medtronic said it tacked on the strongest cardiovascular revenue growth in over a decade,
Home Depot (HD) signals a slowing economy. The home improvement retailer missed earnings by 10 cents as revenue rose just 2%. The company provided downside guidance as the US housing markets remains sluggish. A lack of storms and hurricanes in the third quarter limited demand as well. High interest rates and uncertain economy has left many consumer postponing housing projects.
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