Homebuilder Stocks Roll Over (XHB)
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SPDR S&P Homebuilders ETF (NYSE: XHB) is taking a beating today and is down 4 percent. XHB was posting steady gains early in the week after housing starts came in better than expected. But stocks in the sector rolled over today after the release of 'Philly Fed' data this morning showed slowing in the manufacturing sector of the economy. Concerns over Europe are weighing on the broader market and stocks in other sectors are having difficulty getting traction as well.
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