Homebuilders Lead Market Rally As Investors Bet On Fed Rate Cuts

Benzinga

Stocks sensitive to interest rates have rallied as investors bet the Federal Reserve could resume cutting rates, with homebuilders and small caps leading the gains, according to MarketWatch. The iShares U.S. Home Construction ETF gained 5.6% last week. Shares of D.R. Horton and Lennar surged 5.8% and 9.2%, respectively, after Berkshire Hathaway disclosed new stakes. Investors are watching closely for Fed Chair Jerome Powell’s Jackson Hole speech on August 22, with speculation centering on whether the central bank will cut rates in September. Broader U.S. markets also posted weekly gains, with the Dow up 1.7%, the S&P 500 up 0.9%, and the Nasdaq up 0.8%.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Stocks sensitive to interest rates have rallied as investors bet the Federal Reserve could

00:05resume cutting rates, with homebuilders and small caps leading to gains, according to MarketWatch.

00:10The iShares U.S. Home Construction ETF gained 5.6% last week. Shares of D.R. Horton and

00:15Lennar surged 5.8% and 9.2% respectively, after Berkshire Hathaway disclosed new stakes.

00:20Investors are watching closely for FedShare Jerome Powell's Jackson Hole speech on August 22nd,

00:25speculation centering on whether the centripet will cut rates in September.

00:28Broader U.S. markets also posted weekly gains, with the Dow up 1.7%,

00:33S&P 500 up 0.9%, and the NASDAQ up 0.8%.

00:36For all things money, visit Benzinga.com.

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