Major equity indexes remained resilient on Thursday as the bulls managed to hold their ground and regain momentum by the closing bell. Upbeat economic data on the day helped keep euphoria levels elevated on Wall Street; weekly jobless claims came in at 341,000, marking a healthy improvement in the labor market compared to last week’s figure of 368,000. Buying pressures were further bolstered after it was reported that Berkshire Hathaway and 3G Capital agreed to buy Heinz Co. (HNZ) in a deal valued at about $23 billion [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Looking ahead, the University of Michigan is slated to release its monthly consumer sentiment survey results after the opening bell. As such, our ETF to watch is the State Street Consumer Discretionary Select Sector SPDR , which may see an uptick in trading volumes as investors digest confidence data. Analysts are expecting the consumer sentiment figure to come [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: XLI, XLY, GLD 3 ETFs To Watch This Week: RTH, FXI, XLY The Most Tradable Stock In Each Sector SPDR ETF 3 ETFs To Watch This Week: XLI, EWL, XLY Friday’s ETF Chart To Watch: Consumer Discretionary Select Sector SPDR (XLY)
Major equity indexes remained resilient on Thursday as the bulls managed to hold their ground and regain momentum by the closing bell. Upbeat economic data on the day helped keep euphoria levels elevated on Wall Street; weekly jobless claims came in at 341,000, marking a healthy improvement in the labor market compared to last week’s figure of 368,000. Buying pressures were further bolstered after it was reported that Berkshire Hathaway and 3G Capital agreed to buy Heinz Co. (HNZ) in a deal valued at about $23 billion [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Looking ahead, the University of Michigan is slated to release its monthly consumer sentiment survey results after the opening bell. As such, our ETF to watch is the State Street Consumer Discretionary Select Sector SPDR , which may see an uptick in trading volumes as investors digest confidence data. Analysts are expecting the consumer sentiment figure to come [...]
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