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Spec Homes Sitting on the Market Pose Potential Economic Drag

(Bloomberg) -- The so-called spec home, a spin on the American dream home with standardized color schemes and toilet fixtures, is falling out of favor with some US builders. While that means deals for buyers, the trend also could wind up as a drag on the economy.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches M

Wall Street surges as tariff optimism boosts tech stocks

Technology stocks led Wall Street's surge on Monday after signs the Trump administration is taking a measured approach on tariffs against its trading partners. U.S. President Donald Trump's administration is likely to exclude a set of sector-specific tariffs that are on track to be imposed on April 2, according to media reports over the weekend. "The market seems to be reacting in sync with those up-to-the-minute changes in tariffs," said Peter Andersen, founder of Andersen Capital Management in Boston.