S&P 1500 Home Builders Index Surges 3.1% on Strong May Existing Home Sales

SPX-2.5%
According to market data, the S&P 1500 Home Builders Index surged 3.1% in May as U.S. existing home sales topped expectations with the fastest growth rate this year. All 18 component stocks posted gains, with leading builders LGI Homes rising 5.7%, Toll Brothers up 4.7%, and D.R. Horton gaining 3.6%.
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