Stock Market Update
06-Feb-26 12:30 ET
Homebuilders move lower
Dow +971.42
at 49878.93,
Nasdaq +401.57
at 22942.18,
S&P +107.38
at 6905.77
[BRIEFING.COM] The major averages continue to steadily tick higher shortly after midday.
Homebuilder names are moving lower after a Bloomberg report that the Trump administration is weighing an antitrust probe into major U.S. homebuilders over housing costs.
Names such as Lennar (LEN 113.37, -2.00, -1.73%) and D.R. Horton (DHI 154.45, -3.68, -2.33%) are now firmly lower after solid earlier gains, adding to pressure in the consumer discretionary sector (-1.5%), which lags amid Amazon's (AMZN 206.18, -16.51, -7.41%) post-earnings slide.
The iShares U.S. Home Construction ETF (+0.5%) briefly dipped into negative territory, but is now back in modestly positive territory.
