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Beazer Homes, KB Home Shares Jumping After Fitch Upgrade

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  • Description

    FBN's Robert Gray breaks down business news.

  • Duration 1:02
  • Date

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-- with your Fox Business street still bullish tone on Wall Street continues -- action by the European Central Bank has helped ease some concerns over the region's debt crisis.

ECB chief Mario Draghi unveiled plans to launch its bond buying program to help troubled nations including Italy and Spain EC gains.

Of more than one and a half percent across the board.

JPMorgan Chase has named senior mortgage executive Craig Delaney has its new chief investment officer.

-- replaces replaces Ina drew -- resigned in May following a multi billion dollar loss by a derivatives trader.

-- has been with JPMorgan for nineteen years celebrity to banks' excess deposits.

And shares of Beazer Homes -- KB home are surging by more than the broader market after a credit ratings upgrade Fitch boosted the ratings for both home builders.

-- housing sector faces moderately better prospects for the rest of the year and next year.

And -- continue our countdown of the closing bell with a list claimant.

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