US builder stocks were higher before the market on Friday, as unanticipated employment data eased the pressure on the Federal Reserve to raise interest rates this month, while driving the 10-year US Treasury yield downward. Leading individual stocks include Rainer, D.R. Horton, M/I Homes, LGI Homes, Mertage Homes, Poulter Group, and the Thor Brothers. Some construction suppliers rose at the same time, including Masco, Louisiana Pacific, and Hoffnan. SPDR S&P Builders ETF rose 2%. After the release of non-agricultural data, the non-essential consumer goods and essential consumer goods sectors generally rose, and Nike became an exception due to sales reports falling short of expectations.

Zhitongcaijing · 2d ago
US builder stocks were higher before the market on Friday, as unanticipated employment data eased the pressure on the Federal Reserve to raise interest rates this month, while driving the 10-year US Treasury yield downward. Leading individual stocks include Rainer, D.R. Horton, M/I Homes, LGI Homes, Mertage Homes, Poulter Group, and the Thor Brothers. Some construction suppliers rose at the same time, including Masco, Louisiana Pacific, and Hoffnan. SPDR S&P Builders ETF rose 2%. After the release of non-agricultural data, the non-essential consumer goods and essential consumer goods sectors generally rose, and Nike became an exception due to sales reports falling short of expectations.