J.P. Morgan Downgrades Drag Down Homebuilder ETFs
September 21, 2018 at 16:10 PM EDT
Homebuilder ETFs weakened Friday after J.P. Morgan analysts downgraded a number of home construction companies on a pessimism over housing market fundamentals. On Friday, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) dipped 0.2%, iShares U.S. Home Construction ETF (NYSEArca: ITB) fell 0.7% and...
