D.R. Horton Inc. stocks tumbled after the homebuilder reported weaker-than-expected quarterly orders and indicated the associated fee cuts and different purchaser incentives that experience propped up gross sales will proceed.For the 3 months thru December, acquire contracts had been up 35% from the similar duration a yr previous, consistent with a statementBloomberg Terminal Tuesday, however fell wanting what analysts had estimated. The stocks had been down 9.9% to $142.14 at 2:25 p.m. New York time, the largest intraday decline since March 2020.
