S&P Homebuilders (XHB) Drops Then Stabilizes On Weak New Home Sales News
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SPDR S&P Homebuilders (NYSE: XHB) saw an initial drop on news that July new homes sales dropped to a record low of 276,000, missing the consensus of 330,000.
The ETF has since moved back into positive territory, similar to the move yesterday after the existing home sales number.
The ETF has since moved back into positive territory, similar to the move yesterday after the existing home sales number.
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