January 02, 2013 at 10:13 AM EST
Homebuilder ETFs Breaking Out on Budget Deal Optimism
Housing ETFs such as iShares DJ US Home Construction (NYSEArca: ITB) and SPDR S&P Homebuilders ETF (NYSEArca: XHB) were breaking out to new multiyear highs Wednesday after U.S. lawmakers finally cinched a deal to prevent the U.S. from falling over the fiscal cliff. The homebuilder ETFs were up...
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