Homebuilder stocks have been roaring higher this year, putting a popular exchange-traded fund on pace for a record close. Shares of the SPDR S&P Homebuilders ETF were up 1.4% to almost $122, on pace for a record close based on data going back to 2006,

By Saqib Iqbal Ahmed, Suzanne McGee and Carolina Mandl NEW YORK (Reuters) -An initial muted market reaction following the Federal Reserve’s first rate cut in four years gave way to a surge in U.S. stocks as uncertainty ebbed and investors digested the implications of easing monetary policy.

One of the exchange-traded fund tracking the S&P 500's communication services sector was headed for its all-time closing high on Wednesday. The Communication Services Select Sector SPDR Fund was popping 0.

Wall Street stocks rose early Thursday as the market continued digesting the Federal Reserve's interest rate cut, which was larger than some analysts had expected.

Pre-market futures are feeling themselves this morning. We’d just passed the crucible of the “higher for longer” term of interest rates from the Fed — a series of sometimes significant rate hikes from March 2022 through July 2023,

Japanese stocks rose along with US equity futures after the Federal Reserve cut interest rates by half a percentage point and signalled further easing in the months ahead.