Home Depot stock pops on Trump’s $200 billion mortgage-bond order — what Wall Street watches next
Home Depot shares jumped 4.2% to $374.64 Friday after President Donald Trump ordered $200 billion in mortgage-bond purchases, sparking a rally in housing-linked stocks. The Philadelphia Housing index rose 4.8%. Analysts said the plan may cut mortgage rates by up to 0.15 percentage point. Investors await the Fed’s Jan. 27-28 meeting and Home Depot’s Feb. 24 results.