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Homebuilder Stocks Soar Following Positive Market Data: What You Need To Know

Homebuilder sentiment increased in January for the first time in a year after declining for 12 straight months, triggering a rally in homebuilder stocks. What Happened: Recent data issued by the National Association of Homebuilders (NAHB) showed its national Housing Market Index (HMI) rose moderately from a December low of 31 to a more-encouraging 35.

DHI

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Unexpected Twist In Tech Layoffs: New Unemployment Claims Drop Amid Positive Economic Growth

Indeed, sweeping layoffs in the tech sector over the last couple of months are troubling, but a curious phenomenon has emerged. The number of new first-time applications for unemployment benefits actually decreased, according to Thursday’s jobs report.

GOOG