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ITB - Homebuilders tumble as June existing home sales slide
iShares U.S. Home Construction ETF
A bigger-than-expected drop in June existing home sales pulls down homebuilder stocks, with PulteGroup (PHM-6.5%) and Hovnanian (HOV-6.6%) taking the biggest hits.
More news on: PulteGroup, Inc., Hovnanian Enterprises, Inc., D.R. Horton, Inc., News on the U.S. economy, Financial stocks news, News on ETFs,