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-0.000123258967089744 0.0004930358683595 3.08147417726111E-05 0.000154073708862355 -3.08147417724359E-05 -0.000308147417724534 -0.000554665351904197 -0.00530013558486371
Stock impact report

Homebuilder stocks rise after Fed projects three interest rate cuts this year [Yahoo! Finance]

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Company Research Source: Yahoo! Finance
The SPDR S&P Homebuilders ETF ( XHB ) rose 2.5%, more than the S&P 500's ( ^GSPC ) 0.64% gain. D.R. Horton, Inc. ( DHI ), the biggest US homebuilder, advanced 2.3%, while Lennar ( LEN ) and Toll Brothers ( TOL ) rose 1.4% and 3.1% respectively during afternoon trading. Data provided by State Street Global Advisors SPDR shows that homebuilder stocks have gained above market performance over the last year, returning 82% compared to the S&P 500 Index's 39% return since the end of 2022 to today. “It's related to the Fed but not because of the Fed,” Matthew Bartolini, Head of SPDR Americas Research at State Street Global Advisors, told Yahoo Finance. “Economic resilience is the driver, durability supported by a robust labor market and a healthy consumer. And that is the same rationale for why the Federal Reserve has yet to cut rates, and why projections for rate cuts have fallen from six to start the year to three now.” The Fed's projection for three rate cuts was consistent with it Show less Read more
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