Home Depot and Lowe's are already seeing the first of many likely benefits from the Fed's rate cut
Share prices for Home Depot and Lowe's are riding high following the Fed's interest rate cut, which is likely to spur home improvement spending.
Shares of Home Depot, Lowe's Rise Following Rate Cut
In Thursday trading, Home Depot's stock was up 1.6% to $390.20, while Lowe's stock rose 1.7% to $261.11. Since the beginning of the year, shares of Home Depot are up 13%, while Lowe's shares have gained 17%.
Federal officials to cut interest rates by half-percent. What it means for Kentuckians
The Federal Reserve moving ahead with its first rate cut in four years on Wednesday, lowering its key interest rate by a hefty half percentage point. With the slowing labor market posing a growing risk to economic expansion,
How the Fed’s 50 Bps Rate Cut Impacts Muni Bonds
Great to see you here, Stephanie, after the Fed, because prior to the Fed meeting, there was a lot of talk, at least here at Bloomberg, about the number of bond buyers we were seeing that were really trying to snatch up these muni deals,
Jerome Powell says the Fed can cut rates but it can’t fix the housing crisis
The Federal Reserve delivered its first interest rate cut in more than four years yesterday. It was a declaration of victory over once hot, hot, hot inflation. And mortgage rates responded by fluctuating in kind of a weird way.
Fed cut interest rates for first time in 4 years. See how much and what that means
The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years.
Something big is happening in the housing market: What Fed rate cuts will actually do
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. On Wednesday, Fed Chair Jerome Powell announced that the central bank would begin cutting Fed interest rates,
How low could mortgage rates go now that the Fed has finally started cutting? Economists weigh in.
The Federal Reserve announced Wednesday that it was cutting interest rates for the first time in four years. How far will mortgage rates fall from here on out? Not so much, economists say. The central bank announced a 50-basis-point cut to its benchmark rate,
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the central bank’s role in the race between Vice President Kamala Harris and former President Donald Trump on Wednesday,
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8 Home Goods Middle-Class Homebuyers Need From Lowe’s in 2024
While the housing market has not been easy to break into in the past couple of years, due to higher home prices and interest ...
Police: Shots fired at alleged shoplifter in parking lot of Morganton Lowe’s
Shots were fired at an alleged shoplifter Tuesday afternoon in the parking lot of a local Lowe's in Morganton, authorities ...
Caterpillar Joins Ford, Lowe’s in Diversity Rethink as Backlash Grows
Caterpillar Inc. is introducing new guidelines on external sponsorships and donations as part of a review of some of its DEI ...
Lowe’s: Hold Rating Amid Mixed Market Prospects and Macroeconomic Uncertainties
Analyst Max Rakhlenko from TD Cowen maintained a Hold rating on Lowe’s (LOW – Research Report) and increased the price target to ...
Shop the best deals at Lowe's this fall on drills, grills and more
Enjoy massive discounts at Lowe's on tools, mowers, appliances and other home improvement essentials this fall.
Lowe's Cos. stock outperforms competitors despite losses on the day
Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch ...
Rob Lowe's Son John Owen Says His L.A. Home Makes Him 'Feel Giddy' — and Reveals Mom Sheryl Was His Designer
John Owen Lowe, the son of actor Rob Lowe, loves his Los Angeles home thanks to his mother Sheryl Berkoff's interior design ...
Epic Lowe's fall sale — 21 deals on Halloween decor, fire pits, patio furniture and more
Lowe's is currently offering up to 50% off outdoor items like patio furniture, grills, power equipment and more. Plus, Lowe's ...
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Lowe's Coupons
Get the best deals on your favorite Lowe's items with our exciting offers and easy-to-use codes. Coupons are chosen independently by our editors. Purchases made through our links may earn us a ...
Nailing It, But Barely: Lowe's Solid History Meets Uncertain Future
Lowe's valuation is high, trading at a P/E of 20.9x, suggesting either future growth optimism or overvaluation; wait for a ...