Higher Rates Catch Up With Home-Builder Stocks

📆 9/27/2023 4:12 PM
📰 WSJ

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The home-building industry had been one of the stock market’s best performers of the year until recently.

Sept. 27, 2023 9:00 am ETInflation is rising and investors are betting that interest rates will go higher.

This week’s readings on the housing market, consumer confidence and leading economic indicators offer clarity on how the market is holding up. Photo: Mike Blake/ReutersDow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Stocks test 2-month lows as markets adapt to higher for longer Fed ratesStocks are hovering near the lowest levels in two months, with the dollar extending gains and Treasury yields nudging near new cycle highs, as markets adapt to the new ‘higher for longer’ Fed rate reality.
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