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homebuilders struggle with profit margins as stock market thrives

Homebuilders are struggling with profit margins as high interest rates impact the housing market, contrasting with the expanding margins seen in the S&P 500. Toll Brothers reported a first-quarter gross margin of 26.3%, falling short of expectations, contributing to a decline in homebuilder stocks. The broader market also faced losses, with the S&P 500 and Nasdaq 100 both down, while Walgreens Boots Alliance surged on acquisition rumors.
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United States Dollar Moderna, Inc. Oracle Corp Google Inc. Albertsons Companies, Inc. Toll Brothers, Inc. Tesmec S.p.A. The Kroger Co. Walgreens Boots Alliance, Inc. USA Martin Connor Benjamin C Tankersley Show more
Finance & Economy, Market Report
16:18 10.12.2024
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