Homebuilder ETFs Break Out on Strong Toll Brothers Q2 Results
This article was originally published on ETFTrends.com.
Homebuilder stocks led Tuesday gains with sector-related ETFs breaking above their short-term trend lines after Toll Brothers (NYSE: TOL) beat second quarter earnings expectations. On Tuesday, the iShares U.S. Home Construction ETF (NYSEArca: ITB), the largest homebuilder-related ETF, jumped 3.7% and the equally weighted SPDR S&P Homebuilders ETF (NYSEArca: XHB) rose 2.6%. Both ITB and [...]