Home Depot Jumps 3% (HD)

Home Depot HD is one of the blue-chip leaders on Tuesday, rising 3% to $37.75. The company announced yesterday that it would be buying back $1 billion in stock through an accelerated buyback program. Investors are cheering the move, pushing up the stock on heavy volume. Around 11.3 million HD shares have traded hands on Tuesday compared to a 3-month daily average of under 10 million.