Dow Warns High Interest Rates and Weak Consumer Confidence Are Hurting Housing Demand
Dow Inc. (DOW) stock rises after beating Q3 earnings & revenue estimates, driven by higher polyethylene prices and key cost cuts.
Dow made more money than expected this quarter by cutting costs and raising prices. When interest rates are high and people feel worried, they buy fewer houses, which means less demand for Dow's building materials.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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