TMHC - S&P 500 Bounces Back: Cruise Lines Kohl's Homebuilders Rally but Citi Calls for 9% Decline by Year-End
The S&P 500 (SNPINDEX: ^GSPC) moved back up on Wednesday following Tuesday's 34-point sell-off that broke a five-day streak of gains. Today, the S&P gained 24.6 points, up almost 0.8%.
Kohl's (NYSE: KSS) led the charge with one of the best gains of any S&P 500 stock, up 9.5% following a bullish note from an analyst. Cruise stocks Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) also had a great day, up between 4.7% and 5.3%.
The same was true of homebuilder stocks, with Lennar (NYSE: LEN) (NYSE: LEN.B) up 5.4%. D.R. Horton (NYSE: DHI) and PulteGroup (NYSE: PHM) were also up around 4%, while NVR (NYSE: NVR) shares edged up 2.8%.