Homebuilders ETF (XHB) Jumping After Data
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SPDR S&P Homebuilders ETF (NYSE: XHB) is popping in early trading on Tuesday after median home prices showed an increase of 10 percent from a year ago. April existing home sales increased 3.4 percent vs. 2.9 percent expected. March sales were revised downwards to -2.8 percent from -2.6 percent.
XHB is up over 2 percent in early trading following the news. USG Corp (NYSE: USG), Ryland Group, Inc. (NYSE: RYL), and Bed Bath & Beyond, Inc. (NASDAQ: BBBY) are the top holding in XHB. The ETF is designed to track equities in the homebuilding sub-industry of the S&P Total Markets Index.
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XHB is up over 2 percent in early trading following the news. USG Corp (NYSE: USG), Ryland Group, Inc. (NYSE: RYL), and Bed Bath & Beyond, Inc. (NASDAQ: BBBY) are the top holding in XHB. The ETF is designed to track equities in the homebuilding sub-industry of the S&P Total Markets Index.
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