Home-improvement stocks have been on the rise. As the pandemic keeps many Americans in their houses and apartments—using their living spaces as home offices, gyms and art studios—more are interested in upgrading their spaces. Another strong round of earnings from Home Depot Inc. and other home stocks is indicative of the trend. As of Friday, shares of Home Depot are up 29.7% since the start of the year, and shares of Lowe’s Cos. are up 35% in the same period. The S&P 500 is up 5.1% in the same period.

Source: Wall Street Journal August 21, 2020 12:04 UTC