Shares of homebuilders and household durables companies are trading lower after Treasury yields spiked to a 24-year record and the Federal Reserve's September meeting minutes showed officials expect another interest rate hike in 2026. More expensive borrowing for consumers and firms may lead to a weak outlook for the sector.
Shares of homebuilders and household durables companies are trading lower after Treasury yields spiked to a 24-year record and the Federal Reserve's September meeting minutes showed officials expect another interest rate hike in 2026. More expensive borrowing for consumers and firms may lead to a weak outlook for the s