HW 30 ends Wednesday trading with mixed results
Builders stayed strong, while banks staged a comeback
Stocks on the HW 30 index performed with mixed results on Wednesday, even though the entire index rose 0.65%.
Building firm shares continued to grow in the wake of positive reports from two key players in the market.
Homebuilder Lennar (LEN) is flying high after its impressive third-quarter earnings report on Tuesday. The builder's stock ended Wednesday trading up 1.06%— at $36.39 per share.
D.R. Horton (DHI) also remained positive, rising 0.50% for the day. The builder started the day at $20.11 per share and ended it at $20.16 per share. Recent reports on home prices and new home sales, which jumped 7.9% in August, are thought to have some impact on the builders’ stocks.
Toll Brothers (TOL) was the only builder on the HW 30 index to fall, down 0.57% for the day. The stock opened at $33.28 and ended the day at $33.14 per share.
Real estate stocks, such as Trulia (TRLA) and Zillow (Z), dipped slightly on the index. Trulia ended the day down 0.19%, while Zillow fell a whopping 2.93%.
The big bank stocks turned things around after all three took a tumble on Tuesday. Bank of America (BAC) was up 0.35%, closing at $14.14 per share on Wednesday.