Market Insights

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Is Tesla Driving Stocks Toward a Breakout Before the Fed?

Is Tesla Driving Stocks Toward a Breakout Before the Fed?

Tesla could be driving the stock market toward a breakout as a flood of major catalysts hit. The electric car maker jumped 33 percent last week after reporting strong orders and saying production could reach 2 million vehicles this year. The news lifted sentiment in...

Housing Stocks Have Barely Flinched as Technology Stocks Plunged

Housing Stocks Have Barely Flinched as Technology Stocks Plunged

Housing stocks have barely dropped this month, even as volatility swept the broader market. The iShares U.S. Home Construction ETF (ITB) closed yesterday just 2.6 percent below its 52-week high. The S&P 500 in contrast, is almost 8 percent below its peak. The...

Homebuilders Gaining as Market Looks for Brighter Future

Homebuilders Gaining as Market Looks for Brighter Future

Housing stocks are on the move as Wall Street looks for a rebound in the industry. The iShares US Home Construction ETF (ITB) is up more than 2 percent in the last week. That makes it one of the best-performing major industry exchange-traded funds (ETFs) over that...