Rocket Companies stock slides 14% as mortgage lenders sink — what to watch for RKT next week
Rocket Companies shares fell 13.7% to $17.93 Friday, with trading volume surging to 87 million shares. PennyMac dropped 33.2% after missing profit forecasts, while UWM slid 13.3%. Mortgage lenders sank as investors reacted to President Trump’s nomination of Kevin Warsh for Fed chair and awaited key U.S. jobs data due Feb. 6.