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Homebuilders Up Big Today (XHB)
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Posted on 10/08/09 at 1:55pm by Eric Mancini
Homebuilders are up big today well ahead of the general market. The SPDR Homebuilder ETF (NYSE: XHB) is up 3.44% to $15.05/share.
Some look to marginal positive economic news released, a general market up tick, and record low mortgage rates as reason for the jump.
Homebuilders are down about 10% since their highs last month even after today's move.
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