Monday 17 August 2015

Homebuilder ETFs Rise On Upbeat Data In Earnings Week

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.

Major U.S. ETFs clawed back from early losses Monday with positive homebuilder data giving stocks a boost. Stock ETFs hobbled out of the starting gate amid surprisingly weak New York manufacturing data. Exchange traded funds holding homebuilder stocks hit 52-week highs as the key Housing Market Index, a gauge of builder sentiment, recorded its highest level since November 2005. They led sector equity ETFs higher, along with biotechs and precious

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