Installed Building Products Shares Surge on Inflation News

Installed Building Products stock surged nearly three percent today, rebounding from a tough day yesterday, as the broader market rallied following positive inflation news. Lennars disappointing quarterly results and cautious outlook had previously dragged down the homebuilding sector, but todays rebound was part of a wider market rally. Installed Building Products ended the day up about 2.8 percent, trading close to its fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.