Exchange-traded funds that buy shares of home builders swung higher after fresh data on Wednesday showed new-home sales in the U.S. climbed by more than anticipated in July.
The SPDR S&P Homebuilders ETF XHB finished Wednesday up 2.1% and the iShares U.S. Home Construction ETF ITB gained 1.1%, FactSet data show.
New-home sales rose 4.4% last…
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