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LOW: Lowe's Shares Sink on Earnings Rumors

Low. Lower. Lowe's (LOW) - Get Report. The Wilkesboro, N.C. do-it-yourselfer fell 6.3% to $50.38 today after rumors circulated that the company's third quarter would miss earlier projections. Dow Jones reported that a company spokeswoman said the company remains comfortable with its previously announced projected sales growth.

Assurances aside, Lowe's was still a major retail loser today, helping drag the

S&P Retail Index

down 0.4%, the first drop this September. Along with

J.C. Penney

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, Lowe's was a leading loser, especially when compared to blue chippers


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Home Depot

(HD) - Get Report

, which were both off less than a point.