PulteGroup Q3 Earnings Help Prop Up Homebuilder ETFs
This article was originally published on ETFTrends.com.
While some big blue chip stocks revealed lackluster results for the third quarter, homebuilders and home construction-related ETFs climbed on strong earnings and forward guidance. On Tuesday, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) rose 1.8% and iShares U.S. Home Construction ETF (NYSEArca: ITB) gained 2.6%, exhibiting a rare respite from the back-to-back sell-off in [...]