Keeping It Simple

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Did you buy BZH on the gap fill?

On the economic front, existing home sales gained 7.8 percent in August to an annual rate of 4.82 million units, according to the National Association of Realtors, jumping to its highest level since May 2010. Economists had expected a 4.55 million-unit rate reading.

Housing starts rose 2.3 percent to a seasonally adjusted annual rate of 750,000 units in August, according to the Commerce Department. The report was slightly lighter than the 765,000-unit rate economists had expected.