D.R. Horton Stock Is Rising Friday: What's Going On?
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Shares of D.R. Horton Inc (DHI) rose 3.27% to $182.46 following a weaker-than-expected August jobs report, which has increased expectations for imminent interest rate cuts by the Federal Reserve. The report indicated only 22,000 jobs were added, signaling a labor market slowdown. This has led to lower Treasury yields and the potential for reduced mortgage rates, boosting demand for new homes and benefiting D.R. Horton. The stock is seen as a prime beneficiary of the anticipated monetary policy changes, with a strong Benzinga Edge Value score of 79.23.
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