Homebuilder stocks were also rising Tuesday after the National Association of Realtors revealed that existing home purchases rose 2.4% in September with demand up 1.9% for the same month year-over-year, reports Michelle Jamrisko for Bloomberg.
XHB was testing its 50-day resistance level Tuesday but still remained below its 200-day average. Meanwhile, ITB was testing its 200-day moving average.
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