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,

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, as the

Wall Street stocks rose early Thursday as the market continued digesting the Federal Reserve's interest rate cut, which was larger than some analysts had expected.

One of the exchange-traded fund tracking the S&P 500's communication services sector was headed for its all-time closing high on Wednesday. The Communication Services Select Sector SPDR Fund was popping 0.