Dow Jones Industrial Average (.DJI), Intel Corporation (INTC): Housing Market Continues to Push Stocks Higher

At this time, the only other Dow Jones Industrial Average (INDEXDJX:.DJI) component trading lower is The Home Depot, Inc. (NYSE:HD). Shares are down 0.25% today after the stock rose 4.94% last week. Today’s decline may simply be short-sighted traders selling a winner and taking profits off the table. The Home Depot, Inc. (NYSE:HD) is up 24.87% year-to-date making it the seventh best-performing Dow Jones Industrial Average (INDEXDJX:.DJI) component of 2013. Last week’s move higher likely came as a result of lower interest rates during the week, which should help keep the housing market booming. But, if and when rates turn higher, they will likely stay there, and many fear that housing will take a major step back and The Home Depot, Inc. (NYSE:HD) will surly feel some negative effects.

The article Housing Market Continues to Push Stocks Higher originally appeared on Fool.com is written by Matt Thalman.

Fool contributor Matt Thalman has no position in any stocks mentioned. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter @mthalman5513. The Motley Fool recommends Home Depot and Intel. The Motley Fool owns shares of Intel.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.