HD Nov 2024 350.000 put

Home Depot, Zillow shares move higher after Fed's rate hold

Home improvement retailer Home Depot (HD) and real estate marketplace Zillow (Z, ZG) are getting a bump higher Wednesday in response to the cooling inflation data shown in May's CPI (Consumer Price Index) print and the Federal Reserve's decision to hold interest rates in June. Housing costs and shelter inflation remain sticky. Market Domination Hosts Josh Lipton and Julie Hyman take a closer look at these stocks following Fed Chair Jerome Powell's press conference. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.