Lowe's Companies shares rise 5.06% intraday after launching HomeCare+ subscription service offering biannual home visits and seven maintenance services for $99, covering 75% of U.S. homes.

Lowe's Companies surged 5.06% intraday, driven by the launch of its HomeCare+ subscription service, which offers bi-annual home visits and seven maintenance services, including dryer vent cleaning and filter replacements, for $99 annually. The service covers 75% of U.S. homes, aiming to simplify home maintenance and deepen customer loyalty.