Opendoor stock jumps on Trump’s $200 billion mortgage bond plan; what investors watch next
Opendoor shares surged 13.2% to $7.29 Friday after President Trump ordered $200 billion in mortgage bond purchases to lower borrowing costs. Trading volume hit 167 million shares. Fannie Mae and Freddie Mac will handle the bond buys, with $3 billion already underway. Investors await next week’s U.S. inflation data and updates on bond purchase speeds.