Builder Stocks Recover Somewhat On Jobs Data
BOSTON — Home-builder stocks traded higher Thursday after the Labor Department reported initial jobless claims fell to the lowest level since January in the latest week. The iShares Dow Jones U.S. Home Construction Index Fund , a builder exchange-traded fund that had fallen the previous four sessions, was up about 2% in midday trading Thursday. The sector’s top percentage gainers included Beazer Homes USA Inc. , KB Home and Hovnanian Enterprises Inc. .
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