Homebuilder stocks have been roaring higher this year, putting a popular exchange-traded fund on pace for a record close. Shares of the SPDR S&P Homebuilders ETF were up 1.4% to almost $122, on pace for a record close based on data going back to 2006,

Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow closed 522 points, or 1.3%, higher, reaching a new record after passing the 42,000 level for the first time.