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Strategy Climbs, Housing Shares Sink, Lockheed Falls
Description
On this episode of Stock Movers:
- Shares in Michael Saylor’s Strategy Inc. climbed as much as 6.1% on Wednesday after MSCI decided for now to keep digital asset treasury companies in its stock market indexes.
- Shares of Blackstone (BX) and other housing-related companies fell after President Donald Trump said he would move to ban institutional investors from buying single-family homes. Trump said he was "immediately taking steps to ban large institutional investors from buying more single-family homes" in a push toward promoting housing affordability. The S&P 1500 Homebuilding Index slid as much as 2.3%, with 15 of 18 members trading lower, after Trump's announcement.
- Lockheed Martin quickly erases gains and falls as much as 2.3% after President Donald Trump says he will not “permit Dividends or Stock Buybacks for Defense Companies,” until problems are rectified including pay, production of equipment, plants.
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