With no major economic data releases or announcements to kick off the trading week, major equity benchmarks oscillated around the flat line for most of yesterday. The NASDAQ managed to clinch a gain on the day while the Dow Jones Industrial Average and S&P 500 Index both sank lower thanks to Apple’s robust performance; shares of the tech giant hit all-time highs around the $680 mark as investors rejoiced over the company’s win in court over Samsung. Looking ahead this week, investors will digest the latest U.S. GDP revision on Wednesday as well as Chairman Bernanke’s speech at Jackson Hole on Friday [see also ETF Insider: Bulls Look To Data Before Resuming Rally]. Investors will keep their focus on the homefront later today as August consumer confidence data comes out. As such, our ETF to watch for the day is the State Street Consumer Discretionary Select Sector SPDR (XLY, A) [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Low Volume Trading Can Be Deceiving ETF Insider: No News Could Be Good News Tuesday’s ETF Chart To Watch: Consumer Discretionary Select Sector SPDR (XLY) Which Sector ETFs Are Cheap? Daily ETF Roundup: XLY Jumps On Amazon Earnings, UNG Soars On Weather
With no major economic data releases or announcements to kick off the trading week, major equity benchmarks oscillated around the flat line for most of yesterday. The NASDAQ managed to clinch a gain on the day while the Dow Jones Industrial Average and S&P 500 Index both sank lower thanks to Apple’s robust performance; shares of the tech giant hit all-time highs around the $680 mark as investors rejoiced over the company’s win in court over Samsung. Looking ahead this week, investors will digest the latest U.S. GDP revision on Wednesday as well as Chairman Bernanke’s speech at Jackson Hole on Friday [see also ETF Insider: Bulls Look To Data Before Resuming Rally]. Investors will keep their focus on the homefront later today as August consumer confidence data comes out. As such, our ETF to watch for the day is the State Street Consumer Discretionary Select Sector SPDR (XLY, A) [...]
Click here to read the original article on ETFdb.com.
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