** Shares of U.S. homebuilders slide on Weds after Fed chair Powell says no decision yet on rate cuts
** Markets now pointing to odds dropping below 50% that the Fed will cut rates at its next meeting in Sept, as benchmark U.S. 10-year yield
US10Y
extends rise
** Rising yields can potentially lead to higher mortgage rates, which could negatively impact homebuilders by making homes less affordable for consumers
** PHLX Housing Index
HGX
dropping >2% on the session
** Among biggest HGX fallers are: LGI Homes
LGIH
5%, DR Horton
DHI
>2%, Lennar
LEN
nearly 3%, Pultegroup
PHM
>3%
** In S&P 500
SPX
, building products maker Builders FirstSource
BLDR
down 5%, and home improvement retailers Home Depot
HD
and Lowe's
LOW
both off nearly 2%
** With moves on Weds, HGX down ~2% YTD vs 8% advance in SPX
** Markets now pointing to odds dropping below 50% that the Fed will cut rates at its next meeting in Sept, as benchmark U.S. 10-year yield
US10Y
extends rise
** Rising yields can potentially lead to higher mortgage rates, which could negatively impact homebuilders by making homes less affordable for consumers
** PHLX Housing Index
HGX
dropping >2% on the session
** Among biggest HGX fallers are: LGI Homes
LGIH
5%, DR Horton
DHI
>2%, Lennar
LEN
nearly 3%, Pultegroup
PHM
>3%
** In S&P 500
SPX
, building products maker Builders FirstSource
BLDR
down 5%, and home improvement retailers Home Depot
HD
and Lowe's
LOW
both off nearly 2%
** With moves on Weds, HGX down ~2% YTD vs 8% advance in SPX
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。