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Benzinga
Benzinga
Business
Henry Khederian

D.R. Horton Stock Is Rising Friday: What's Going On?

DHI US Federal Reserve the Federal Reserve United States DR Horton Economy Jobs Report
Tree,And,Houses,On,Clarke,Place,,In,Frederick,,Maryland.

Shares of D.R. Horton Inc (NYSE:DHI) are trading higher Friday morning, boosted by a weaker-than-expected August jobs report that intensified investor bets on imminent interest rate cuts from the Federal Reserve. The U.S. economy added just 22,000 jobs, far below forecasts, signaling a significant labor market slowdown.

What To Know: This economic news is proving beneficial for the nation’s largest homebuilder. The prospect of the Fed cutting rates to stimulate the economy has already sent Treasury yields lower.

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