Bullet points of This S&P 500 Stock Falls On Earnings Despite Expected Tailwind From Fed Rate Cuts

Bullet points of This S&P 500 Stock Falls On Earnings Despite Expected Tailwind From Fed Rate Cuts
- Lennar reported a 10% growth in earnings and an 8% increase in revenue for the third quarter.
- Average sales price per home decreased by 6% compared to a year ago.
- The company's stock fell 3.5% after the market closed.
- The Federal Reserve cut interest rates, which is expected to boost the housing market.