Domestic equity indexes staged an impressive comeback on Thursday as stocks climbed out of a hole in the final hours of trading. Mixed economic reports played a key part in paving the way for back-and-forth trading throughout most of yesterday. Weekly jobless claims were encouraging, although the figure ultimately missed estimates; 359,000 people filed for unemployment benefits versus the expected 345,000. U.S. GDP also came in below expectations; domestic economic growth came in at 3% versus analyst estimates of 3.2% [see also 3 ETFs For The End Of Operation Twist]. The domestic retail sector could make the headlines later today as investors gain insights into the health of the consumer. Our chart to watch for the day is the State Street SPDR S&P Retail ETF (XRT) as it may see an increase in trading volumes following the release of the latest consumer sentiment data [see also Shopping For A Retail [...] Click here to read the original article on ETFdb.com. Related Posts: Three Years Later: Best Performing ETFs Since Markets Bottomed Out ETF Insider: Was The Greek Bailout Priced In? Three ETFs To Watch This Week: TVIX, UUP, XRT ETF Insider: Progress In Greece Will Tip Markets ETF Insider: Is Euro Zone Optimism Here To Stay?
Domestic equity indexes staged an impressive comeback on Thursday as stocks climbed out of a hole in the final hours of trading. Mixed economic reports played a key part in paving the way for back-and-forth trading throughout most of yesterday. Weekly jobless claims were encouraging, although the figure ultimately missed estimates; 359,000 people filed for unemployment benefits versus the expected 345,000. U.S. GDP also came in below expectations; domestic economic growth came in at 3% versus analyst estimates of 3.2% [see also 3 ETFs For The End Of Operation Twist]. The domestic retail sector could make the headlines later today as investors gain insights into the health of the consumer. Our chart to watch for the day is the State Street SPDR S&P Retail ETF (XRT) as it may see an increase in trading volumes following the release of the latest consumer sentiment data [see also Shopping For A Retail [...]
Click here to read the original article on ETFdb.com.
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