Stocks managed to snap their losing streak on Thursday as investors digested a plateful of encouraging economic data. As the opening bell kicked off trading on Wall Street, better-than-expected jobless claims data welcomed back the bulls after the figure came in at 369,000 versus the previous reading of 391,000. The list of good news only grew as the day progressed, with durable goods orders increasing by 9.9% versus the previous reading of -13.2%, while pending home sales also jumped by 0.3% versus the previous reading, which showed a contraction of 2.6% [see Free 7 Simple & Cheap All-ETF Portfolios]. Investors will keep their attention focused on the homefront tomorrow as earnings season continues, although the latest U.S. GDP report may steal the headlines. As such, our chart to watch for the day is the State Street Dow Jones Industrial Average ETF [etf ticker='DIA' ratings='true'], which may experience volatile trading following the reaction to the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Claw Into Green Territory ETF Insider: Buy On This Dip With Caution Daily ETF Roundup: Housing Soars, Earnings Miss Daily ETF Roundup: Jobs Optimism Bolsters Stocks Thursday’s ETF Chart To Watch: Dow Jones Industrial Average ETF (DIA)
Stocks managed to snap their losing streak on Thursday as investors digested a plateful of encouraging economic data. As the opening bell kicked off trading on Wall Street, better-than-expected jobless claims data welcomed back the bulls after the figure came in at 369,000 versus the previous reading of 391,000. The list of good news only grew as the day progressed, with durable goods orders increasing by 9.9% versus the previous reading of -13.2%, while pending home sales also jumped by 0.3% versus the previous reading, which showed a contraction of 2.6% [see Free 7 Simple & Cheap All-ETF Portfolios]. Investors will keep their attention focused on the homefront tomorrow as earnings season continues, although the latest U.S. GDP report may steal the headlines. As such, our chart to watch for the day is the State Street Dow Jones Industrial Average ETF [etf ticker='DIA' ratings='true'], which may experience volatile trading following the reaction to the [...]
Click here to read the original article on ETFdb.com.
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