LUMN - Hot Stocks: Mortgage rate worries; AFRM plunges; BRCC climbs in debut; LUMN falls; MCRI sets high

With the latest read on consumer prices showing the highest pace of inflation in four decades and a top Federal Reserve official signaling an aggressive push to raise interest rates, Wall Street suffered a notable sell-off on Thursday. Both the Nasdaq and the S&P 500 finished the session with losses of around 2%. The fear of higher interest rates had a particular impact on the homebuilding sector. Signs that mortgage rates would be rising, and potentially dampened the hot hosing market, sent shares of PulteGroup (NYSE:PHM), Toll Brothers (NYSE:TOL), Lennar (NYSE:LEN) and D.R. Horton (NYSE:DHI) sharply lower. Affirm (NASDAQ:AFRM) was another standout decliner on the session. The accidental release of financial data sparked a late-day sell-off, with the stock ultimately finishing lower by more than 20%. Lumen (NYSE:LUMN) also saw a double-digit percentage tumble on earnings news. Shares dropped to a fresh 52-week low. Looking at some of the stocks

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Hot Stocks: Mortgage rate worries; AFRM plunges; BRCC climbs in debut; LUMN falls; MCRI sets high