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In government bond trading, the yield on the 10-year Treasury note fell to 2.52 percent, its lowest level since late July, from 2.60 percent late Monday. The yields on long-term Treasury notes are used to set the rates on consumer loans such as mortgages. Falling rates should help the housing sector by keeping the cost of home financing low. The drop in yields "is very much supportive for the mortgage markets," said Anastasia Amoroso, Global Market Strategist at J.P. Morgan Funds. "That is definitely a tailwind for the housing market and the consumer." Homebuilders K.B. Home rose 62 cents, or 3.7 percent, to $17.19. D.R. Horton climbed 56 cents, or 3 percent, to $19.23 Stocks of homebuilders also got a boost from a report that showed spending on U.S. construction projects rose at a solid pace in August, helped by further gains in residential building. In commodities trading, the price of crude oil fell $1.42, or 1.4 percent, to $97.80 a barrel as recent data indicated there is plenty of supply to meet current demand. The price of gold rose $26.80, or 2 percent, to $1,342.60 an ounce. Among stocks making big moves: Whirlpool rose $15.22, or 11.6 percent, to $146.19 after the company said its third-quarter net income more than doubled. Delta Air Lines rose 80 cents, or 3.2 percent, to $25.49. The airline made more than a billion dollars in the third quarter as more passengers paid a little bit extra to fly. Delta also said it was seeing strong holiday bookings. Kimberly-Clark rose $4.14, or 4.2 percent, to $102.97 after the maker of Kleenex tissues and Huggies diapers said its third-quarter net income rose 6 percent. Coach fell $4.08, or 7.5 percent, to $50.10 after the maker of luxury handbags and accessories said its quarterly net income fell. The company is struggling with weaker sales in North America.
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