After many failed turnaround attempts, it appears the housing sector may finally have a foundation under it once again. Existing-home sales ticked higher by 2.8% in August to an annual rate of 4.82 million units -- the fastest rate reported since May 2010. This news also came on the heels of a 5.5% increase in single-family home construction. Driven by the prospect of stabilizing home prices, the S&P 500
Companies that helped the S&P 500
As should be no surprise, the sector leading today's rally higher is homebuilders, led by the largest builder in the U.S., D.R. Horton
Companies that hindered the S&P 500
Chip-equipment manufacturers had a particularly rough day, with KLA-Tencor, Applied Materials, and Lam Research
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