Masco stock jumps 12% after earnings beat signals remodeling demand rebound

Shares of Masco Corp. surged on Wednesday after the home improvement company delivered a strong first-quarter earnings beat and reaffirmed its full-year guidance, signaling resilience in a challenging housing market. The stock jumped 12.6% to $75.17 during the session, making it one of the top performers in the S&P 500 and putting it in contention with GE Vernova for the day's best-performing index component.