Shares of the home improvement chain, considered a barometer for the economic health of U.S. households, rose 2.6% to $245.91 in premarket trading. The U.S. housing market has benefited from the lowest mortgage rates in more than three years after the Federal Reserve lowered borrowing costs thrice in 2019. Sales of existing homes, which make up about 90% of U.S. home sales, surged 9.6% on a year-on-year basis in January, the National Association of Realtors said on Friday. …read more
Source:: Yahoo Finance
