SPDR Homebuilders Down After Beige Book (XHB)

By Benzinga Staff
September 08, 2010 2:26 PM

Symbols: XHB

SPDR Homebuilders (NYSE: XHB) dropped to less than 15 dollars a share today following the release of the Fed's Beige Book.

The release stated that residential real estate markets have continued to drop as a result of the expiration of home buyer tax incentives, which ceased in June.

XHB was trading at 15.70 per share this morning, and fell to a low of 14.95 per share this afternoon.

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SPDR Homebuilders Down After Beige Book (XHB)

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