U.S. Stocks Turn Lower After Record Highs; D.R. Horton, RTX, Procter & Gamble, and Verizon Make Significant Moves

D.R. Horton shares slump after missing earnings estimates, while RTX, Procter & Gamble, and Verizon see gains due to increased demand and higher prices.

• U.S. equities turned lower at midday after the Dow and S&P 500 finished at all-time highs yesterday.
• D.R. Horton shares slumped after the biggest U.S. home builder by revenue missed earnings estimates as it cut prices and offered incentives to help buyers facing high mortgage rates.
• RTX was the best-performing stock in the S&P 500 as the aerospace and defense contractor beat profit and sales forecasts on an increase in airline flights and military spending.
• Shares of Procter & Gamble gained after the consumer products giant’s earnings rose on higher prices.
• Verizon shares jumped as the telecom provider added more wireless subscribers than anticipated.

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