- Ahead of the FOMC's decision on interest rates, homebuilders are among the biggest decliners.
- iShares U.S. Home Construction ETF (NYSE:ITB) falls 2.1%, its biggest one-day percentage decline since April 25, less than a half hour before the Fed announcement.
- The decline also comes a day after Raymond James cutLennar (LEN -1.9%) to market perform and KB Home Home (KBH -3.3%) to underperform.
- D.R. Horton (DHI -3.4%), PulteGroup (PHM -3.5%), Toll Brothers (TOL -2.9%), and NVR (NVR -2.2%) all slide.
- ETFs: XHB, ITB, PKB, NAIL, HOML, HOMZ
Homebuilders slide before Fed's interest rate decision
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Symbol | Last Price | % Chg |
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ITB | - | - |
iShares U.S. Home Construction ETF |