Stock Market Update

[BRIEFING.COM] The major averages trade mixed and continue to trade within a tight range.

D.R. Horton (DHI 150.30, +19.08, +14.5%) is soaring today following the release of its blowout 3Q25 earnings report, which saw the company beat EPS expectations by $0.47, a stark contrast to the muted expectations that had weighed on the shares heading into the event. The subdued sentiment was particularly pronounced after competitors KB Home (KBH 58.41, +4.18, +7.7%) and Lennar (LEN 117.90, +8.47, +7.7%) delivered disappointing results and guidance last month, raising concerns about the broader housing market's resilience.

The market's enthusiastic response suggests that investors had braced for a weaker outcome, making DHI's performance a pleasant surprise and underscoring a potential turnaround narrative for the sector.

The iShares US Home Construction ETF is up 6.5% today as a result.