The bears continued their parade on Wall Street as selling pressures reigned supreme for yet another trading session, further sinking major equity benchmarks into red territory. With looming eurozone debt drama and “fiscal cliff” worries at hand, many have been left wondering if this is merely another nasty correction, or potentially the beginning of a major downtrend. On the homefront, markets also digested lackluster earnings results from industry giant Wal-Mart, adding to the laundry list of uncertainties plaguing investors’ confidence [see Free 7 Simple & Cheap All-ETF Portfolios]. With no major economic data releases taking place overseas, our ETF to watch for the day is the State Street Industrial Select Sector SPDR , which may experience volatile trading as American industrial production data hits the street after the opening bell. Analysts are expecting October’s industrial production figure to grow by 0.2%, marking a slight deterioration from the previous reading of 0.4% [see also A Week Later, ETF Winners And [...] Click here to read the original article on ETFdb.com. Related Posts: Thursday’s ETF Chart To Watch: Industrial Select Sector SPDR (XLI) ETF Insider: All In Green ETF Insider: Technicals Favor Stocks Charts Are Aligning For XLU 3 ETFs To Watch This Week: XLI, EU, VXX
The bears continued their parade on Wall Street as selling pressures reigned supreme for yet another trading session, further sinking major equity benchmarks into red territory. With looming eurozone debt drama and “fiscal cliff” worries at hand, many have been left wondering if this is merely another nasty correction, or potentially the beginning of a major downtrend. On the homefront, markets also digested lackluster earnings results from industry giant Wal-Mart, adding to the laundry list of uncertainties plaguing investors’ confidence [see Free 7 Simple & Cheap All-ETF Portfolios]. With no major economic data releases taking place overseas, our ETF to watch for the day is the State Street Industrial Select Sector SPDR , which may experience volatile trading as American industrial production data hits the street after the opening bell. Analysts are expecting October’s industrial production figure to grow by 0.2%, marking a slight deterioration from the previous reading of 0.4% [see also A Week Later, ETF Winners And [...]
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