Home Depot stock on pace for biggest daily percentage gain in a year, boosted by third-quarter earnings

Home Depot Inc.
HD,
+5.85%
shares are up 6.1%, putting the stock on pace for its biggest daily percentage gain since Nov. 10, 2022, when it rose 8.7%. The S&P 500 index
SPX,
+2.12%
is up 2.2%. The home-improvement retailer posted better-than-expected third-quarter earnings before market open Tuesday, but said customers are avoiding certain big-ticket discretionary items. Home Depot shares are down 3.2% in 2023, compared with the S&P 500 index’s gain of 17.4%.