Home Builder ETFs Rise on D.R. Horton’s Big 3Q
Beaten-down home builders climb in afternoon trading; semiconductors pare early gains.
- • News
ITB, FCTE, NAIL among building ETF climbing after
D.R. Horton reported better-than-expected results in the fiscal third quarter, giving home improvement ETFs a boost.
The iShares U.S. Home Construction ETF (ITB) is up 2.9%, SMI 3Fourteen Full-Cycle Trend ETF (FCTE) rose 0.4%, while the Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) increased 8.4%.
D.R. Horton's DHI stock jumped 11% midafternoon. The company also said it will buy back $4 billion worth of its stock.
The Dow Jones Industrial Average is falling Thursday as measured by the SPDR Dow Jones Industrial Average ETF Trust (DIA), with Amazon.com Inc. and JPMorgan Chase shares experiencing the largest drops among the blue-chip average.
The Dow is most recently trading 305 points, or 0.7% lower. The ProShares Online Retail ETF (ONLN), which tracks online retailers, fell 1.4%, while the banking ETF IShares U.S. Financial Services ETF (IYG) decreased 0.9% and the Financial Select Sector SPDR Fund (XLF) dropped 0.5%.
Semiconductors Bouncing Thursday
Semiconductor ETFs pared gains in morning trading, a day after remarks from Presidential candidate Donald Trump caused chipmakers to sink.
SMH, the VanEck Semiconductor ETF was little changed after earlier jumping nearly 2%. The fund had slid 4.6% on Wednesday, dragged down by a 13% allocation in the Taiwan Semiconductor Manufacturing Company (TSM).
SMH Intraday

In an interview, the former President said Taiwan should expect to pay more for protection from the U.S., telling Bloomberg that America was "no different than an insurance company," and that Taiwan “doesn’t give us anything.”
Taiwan makes more than half of the world's chips, and the comments caused a broad sell off in semiconductors. QQQ, the Invesco QQQ Trust which tracks the tech-heavy Nasdaq, jumped 0.3%, mounting a comeback after the Nasdaq saw its worst day since 2022.
Other semiconductor ETFs also lost earlier gains. SOXX, the IShares Semiconductor ETF fell 0.6% while leveraged ETFs NVDL the GraniteShares 2x Long NVDA Daily ETF which bets on rising prices in Nvidia, reversed and dropped 0.1% and SOXL, the Direxion Daily Semiconductor Bull 3X Shares fell 2% after earlier gaining more than 4%.
SOXL was one of the most actively traded ETFs in early trading, according to etf.com data, with over 26 million shares traded.
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