GO - Hot Stocks: Homebuilders plunge; HD LOW hit 52-week lows; LYT jumps; GO sets 52-week high

Stocks plunged on Thursday, dragged down by fears that the Federal Reserve's rate-hike campaign will trigger a recession. With the retreat, the Nasdaq fell more than 4% and the Dow closed below 30,000. Homebuilding stocks were among the hardest hit on the session. Investors fretted about rising mortgage rates and disappointing housing starts data. With an analyst downgrade also spurring the retreat, Taylor Morrison Home (TMHC), Tri Pointe Homes (TPH) and Green Brick Partners (GRBK) all finished lower, with a substantial slide also coming from Beazer Homes (BZH). The housing retreat also put pressure on home improvement retailers Home Depot (NYSE:HD) and Lowe's (NYSE:LOW). Both stocks reached new 52-week lows. Elsewhere in the market, Sally Beauty Holdings (SBH) endured a substantial selloff as well. An analyst's downgrade pointed to potential market share problems as inflation cuts into consumer spending. Despite the general downward pressure, Lytus Technologies (LYT) managed to post

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Hot Stocks: Homebuilders plunge; HD, LOW hit 52-week lows; LYT jumps; GO sets 52-week high