Homebuilders gain as US stock indexes rise in trading - Global Banking & Finance Review
This image illustrates the upward movement of US stock indexes, highlighting the gains made by homebuilders like D.R. Horton. As major indexes set record levels, the image captures the essence of the positive trading environment discussed in the article.
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US STOCK INDEXES INCH HIGHER; HOMEBUILDERS GAIN

Published by Gbaf News

Posted on November 12, 2014

1 min read
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US Stock Indexes Reach New Records

NEW YORK (AP) – Small advances are keeping major U.S. stock indexes at record levels in midday trading.

Homebuilder Stocks Boosted by Earnings

Homebuilders advanced Tuesday after D.R. Horton reported a surge in orders. It was the second day in a row of good results from the industry.

Latest Performance of Major Indexes

The Standard & Poor’s 500 index edged up half a point to 2,038 as of 11:55 a.m. Eastern time.

The Dow Jones industrial average rose nine points, less than 0.1 percent, to 17,623.

The Nasdaq composite was flat at 4,652.

S&P 500 Extends Record-Setting Streak

The S&P 500 has closed at record highs four days straight, and has had 39 record closes so far this year.

Bond trading was closed for Veterans Day.

Key Takeaways

  • Major U.S. stock indexes inched higher in midday trading, maintaining record levels.
  • Homebuilder stocks gained following reports of a surge in orders at D.R. Horton.
  • The S&P 500 edged up slightly, while the Dow rose modestly and the Nasdaq remained flat.
  • The S&P 500 has closed at record highs four consecutive days with 39 record closes year‑to‑date.
  • Bond trading was closed for Veterans Day, supporting the market’s calm trading environment.

References

Frequently Asked Questions

Which stock indexes were mentioned?
The S&P 500, Dow Jones Industrial Average, and the Nasdaq composite were mentioned.
What triggered gains in homebuilder stocks?
Gains were driven by D.R. Horton reporting a surge in orders for the second consecutive day.
How many record closes has the S&P 500 had this year?
It had 39 record closes so far this year and closed at record highs four days in a row.
What effect did Veterans Day have on trading?
Bond trading was closed for Veterans Day, though equity markets remained open.

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