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Thursday’s ETF Chart To Watch: Industrial Select Sector SPDR (XLI)
November 01, 2012 at 04:00 AM EDT
Domestic stocks resumed trading yesterday following a prolonged weekend for the New York Stock Exchange, which was closed on Monday and Tuesday as a result of Hurricane Sandy sweeping over the east coast. On the bright side, trading activity resumed on Wall Street without volatile price swings at the opening bell like many were anticipating. Looking back at economic reports released earlier in the week, investors finally digested better-than-expected consumer spending data, although major equity indexes ultimately ended the session flat [see Free 7 Simple & Cheap All-ETF Portfolios]. With ISM data expected to hit the street later today, our ETF to watch is the State Street Industrial Select Sector SPDR as it may experience volatile trading. Analysts are expecting the latest ISM reading to come in at 50.5, marking a minimal decline from the previous reading of 51.5. [For more ETF analysis, make sure to sign up for our free ETF newsletter or try a free seven day [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: All In Green ETF Insider: Technicals Favor Stocks Charts Are Aligning For XLU 3 ETFs To Watch This Week: XLI, EU, VXX 3 ETFs To Watch This Week: EWUS, VXX, XLI
Domestic stocks resumed trading yesterday following a prolonged weekend for the New York Stock Exchange, which was closed on Monday and Tuesday as a result of Hurricane Sandy sweeping over the east coast. On the bright side, trading activity resumed on Wall Street without volatile price swings at the opening bell like many were anticipating. Looking back at economic reports released earlier in the week, investors finally digested better-than-expected consumer spending data, although major equity indexes ultimately ended the session flat [see Free 7 Simple & Cheap All-ETF Portfolios]. With ISM data expected to hit the street later today, our ETF to watch is the State Street Industrial Select Sector SPDR as it may experience volatile trading. Analysts are expecting the latest ISM reading to come in at 50.5, marking a minimal decline from the previous reading of 51.5. [For more ETF analysis, make sure to sign up for our free ETF newsletter or try a free seven day [...]
