Homebuilder ETFs jump after Fed statement

Home-builder exchange-traded funds rallied after the Federal Reserve said it would hold off on raising interest rates at least through the end of 2023. The iShares U.S. Home Construction ETF /zigman2/quotes/203468436/composite ITB -0.96% gained 2.7% in the mid-afternoon, while the SPDR S&P Homebuilders ETF /zigman2/quotes/202739297/composite XHB -1.02% was up 1.2%. The Invesco Dynamic Building & Construction ETF /zigman2/quotes/202710470/composite PKB -1.18% ticked up 0.3%. Home-builder stocks fell in the morning after a disappointing housing-starts report, but rebounded after the central bank released its policy announcement mid-afternoon.

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iShares U.S. Home Construction ETF

US : U.S.: Cboe BZX

$ 71.25

-0.69 -0.96%

Volume: 1.28M

May 18, 2021 1:26p

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SPDR S&P Homebuilders ETF

US : U.S.: NYSE Arca

$ 74.38

-0.77 -1.02%

Volume: 886,153

May 18, 2021 1:26p

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Invesco Dynamic Building & Construction ETF

US : U.S.: NYSE Arca

$ 52.20

-0.63 -1.18%

Volume: 97,065

May 18, 2021 1:11p