Shares of housing-related stocks are trading lower amid broader market weakness on rising Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Housing-related stocks are trading lower due to broader market weakness influenced by rising Treasury yields.
October 03, 2023 | 4:53 pm
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NEGATIVE IMPACT
D.R. Horton's stock is trading lower due to market weakness and rising Treasury yields.
Rising Treasury yields often lead to higher mortgage rates, which can negatively impact housing stocks like DHI.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Hovnanian Enterprises' stock is trading lower due to market weakness and rising Treasury yields.
Rising Treasury yields often lead to higher mortgage rates, which can negatively impact housing stocks like HOV.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Lowe's Companies' stock is trading lower due to market weakness and rising Treasury yields.
Rising Treasury yields often lead to higher mortgage rates, which can negatively impact housing stocks like LOW.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PulteGroup's stock is trading lower due to market weakness and rising Treasury yields.
Rising Treasury yields often lead to higher mortgage rates, which can negatively impact housing stocks like PHM.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100