JPMorgan Chase & Co. (JPM), Verizon Communications Inc. (VZ): Last Week’s Worst Performing Dow Jones Industrial Average (.DJI) Components

Finally, The Home Depot, Inc. (NYSE:HD) lost 2.4% last week despite the Mortgage Bankers Association’s report that mortgage applications rose 1.3% two weeks ago. The data came in as interest rates again rose this week, which could hamper home sales and slow The Home Depot, Inc. (NYSE:HD)’s revenue growth as the flow of new customers also slows down. Some will argue that the company can continue to grow sales as new homeowners update their properties to fit their personalities and others spruce up their houses to get ready to put them on the market. I think there’s some merit to those arguments, but eventually more homes will have to move on the market for The Home Depot, Inc. (NYSE:HD) to see an uptick in revenue.

The other Dow losers this week:

(For more information on why shares of the other losers fell lower this past week, click on the following links.)

AT&T, down 1.24%

Procter & Gamble, down 0.95%

Wal-Mart, down 0.53%

The article Last Week’s Worst Performing Dow Components originally appeared on Fool.com and is written by Matt Thalman.

Fool contributor Matt Thalman owns shares of Microsoft and JPMorgan Chase. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513. The Motley Fool recommends Home Depot, Procter & Gamble, and Vodafone Group and owns shares of JPMorgan Chase and Microsoft.

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