The White House wants lower mortgage rates. Lennar (LEN) rose 8% while D.R. Horton rose 7.80% as President Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, reinforcing expectations for increased mortgage-market support in an attempt to make housing more affordable.

GM (GM) falls 2% as the auto giant would record a $6 billion in charges in the fourth quarter related to electric-vehicle assets and programs, including $1.8 billion in noncash charges. The company said in a regulatory filing that demand for EVs in North America slowed as consumer tax incentives ended. GM also said this additional charge could impact share buybacks for the year.

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