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Sector roundup: Homebuilders, coal companies



By AP
05 December 2008 @ 04:36 am AEST

Among the sector activity stories for Thursday, Dec. 4, from AP Financial News:

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NEW YORK (AP)--Homebuilder stocks continued to rally Thursday, after one of the largest builders reported stronger-than-expected quarterly sales and 30-year mortgage rates dropped to their lowest level since January.

NEW YORK (AP)--Shares of coal companies fell on Thursday as steel companies, facing their own dissolving demand, pulled back orders, and analysts predicted near-future cutbacks in production and capital investment for the coal sector.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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