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via finance.yahoo.comMarkets

Housing stocks rally after midterm elections as Treasury yields dip

FROM THE WIRE · FINANCE.YAHOO.COM

Homebuilders and housing supplier stocks jumped on Wednesday in the wake of the midterm elections. Lennar (LEN) was up more than 8%, and D.R. Horton (DHI) and PulteGroup (PHM) also rose around 8% in midday trading. Housing suppliers also rode the wave. Home Depot (HD) soared…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishExpectations of housing affordability measures and lower mortgage rates are lifting the housing sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Lennar rose over 8%, while DHI and PHM gained around 8%.
  2. 02Home Depot soared over 17% before paring gains to 5%; Lowe's jumped 15% and is now up 7%.
  3. 03The 10-year Treasury yield moved slightly lower, the benchmark for mortgage rates.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Lennar CorporationLENStock92.89 USD+0.31%today +7.90%Positive D.R. Horton, Inc.DHIStock157.22 USD-0.09%today +8.25%Positive PulteGroup, Inc.PHMStock136.61 USD+0.12%today +7.67%Positive The Home Depot, Inc.HDStock353.13 USD+0.75%today +5.84%Positive Lowe's Companies, Inc.LOWStock228.30 USD+0.31%today +6.99%Positive
US 10-Year TreasuryBOND:US10YBond—n/aNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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