Opendoor stock ticks higher premarket as mortgage rates and U.S. jobs data take center stage
Opendoor Technologies Inc. (OPEN) shares rose about 0.5% in premarket trading, extending Friday's gain, as investors focused on upcoming U.S. economic data and mortgage rates. The company's iBuying business is sensitive to borrowing costs, with current mortgage rates near 6.3% keeping housing-sensitive stocks tied to rate expectations. Traders are keenly awaiting the ISM manufacturing survey and the nonfarm payrolls report later in the week for clues on the economic direction.
https://ts2.tech/en/opendoor-stock-ticks-higher-premarket-as-mortgage-rates-and-u-s-jobs-data-take-center-stage/