Top Stock Movers: Bath & Body Works and D.R. Horton, Lockheed Martin and More

The Key Takeaways

• The Dow and S&P 500 climbed to record highs Monday as stocks resumed their post-election rally.
• Bath & Body Works shares took off after the personal care items retailer beat profit and sales estimates and raised its outlook.
• Bond yields fell, which helped lift the shares of companies that are sensitive to interest rate changes, like homebuilders such as D.R. Horton.

The Dow and S&P 500 climbed to record highs Monday as stocks resumed their post-election rally and investors digested President-elect Trump’s selection of Key Square Group founder Scott Bessent to be Treasury Secretary. The Nasdaq did not change much.

The bond yields fell, which helped lift the shares of companies that are sensitive to interest rate changes, like home builders such as D.R. Horton (DHI) shares. Enphase Energy and other solar companies, which benefitted from lower lending costs, also saw their shares increase. 

Bath & Body Works (BBWI) shares took off after the personal care items retailer beat profit and sales estimates and raised its outlook on strong store traffic, customer loyalty, and optimism about the upcoming holiday season.

Elon Musk, the head of Trump’s Department of Government Efficiency, suggested on X in a recent interview that purchasing manned military aircraft is a waste.

Oneok’s (OKE) shares dropped after it agreed to pay EnLink Midstream $4.3 billion.

Futures for oil and gold fell. The U.S. Dollar lost ground against the euro, pound and yen. Prices of most major cryptocurrencies fluctuated.

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