Why Rocket Companies Stock Skyrocketed Today
Rocket Companies (NYSE: RKT) investors had quite a Friday to remember, as the mortgage specialist's shares leaped nearly 10% higher in price across that trading session. This was a top-down bounce, inspired by a proposed initiative at the highest levels of the U.S. federal government.
No less a political figure than President Trump was behind the rally in Rocket and other real estate-adjacent stocks. Late afternoon Thursday, the President said he was pushing to directly boost the mortgage market.
Image source: Getty Images.
Source Fool.com
