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 -0.06% gained 2.7% in the mid-afternoon, while the SPDR S&P Homebuilders ETF /zigman2/quotes/202739297/composite XHB -0.09% was up 1.2%. The Invesco Dynamic Building & Construction ETF /zigman2/quotes/202710470/composite PKB -0.29% 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

$ 67.21

-0.04 -0.06%

Volume: 4,750

Jan. 27, 2023 9:36a

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SPDR S&P Homebuilders ETF

US : U.S.: NYSE Arca

$ 66.47

-0.06 -0.09%

Volume: 8,152

Jan. 27, 2023 9:36a

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Invesco Dynamic Building & Construction ETF

US : U.S.: NYSE Arca

$ 44.07

-0.13 -0.29%

Volume: 150.00

Jan. 27, 2023 9:34a