Sector roundup: Homebuilders up on pending home sales, chip stocks rise with economic reports

Sector roundup: Homebuilders, chip makers

Among the sector activity stories for Tuesday, Dec. 1, from AP Financial News:

NEW YORK (AP) — Shares of homebuilders ticked higher as contracts to buy previously occupied homes rose for a ninth straight month.

SAN FRANCISCO (AP) — Shares of several chip makers rose, helped by economic reports that lifted the overall market and an industry report that showed global semiconductor sales continued to improve in the third quarter.