Bullish sentiment permeated Wall Street on Thursday as investors couldn’t help but look past looming “fiscal cliff” woes and focus instead on the positive data at hand. Major stock indexes settled comfortably in green territory as investors expressed their cheer over the latest home sales report and GDP data, both of which beat expectations; pending home sales in October grew by 5.2%, marking a noticeable jump from last month’s reading of 0.4%, while economic growth improved to 2.7% from 2% previously [see Where U.S. ETF Investors Invest Overseas]. Later today our spotlight will focus in on the State Street SPDR S&P Retail ETF , which could be in for a volatile trading session depending on how markets digest the latest consumer spending data. Analysts are expecting for October’s consumer spending figure to show an increase of 0.1%, marking a contraction from the previous reading of 0.8% [Download 101 ETF Lessons Every Financial [...] Click here to read the original article on ETFdb.com. Related Posts: Wednesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) Retail ETFs In Focus Ahead Of Black Friday Daily ETF Roundup: Stocks Tumble On Obama’s Aggressive Tax Stance Wednesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Fiscal Cliff Woes Set Volatile Tone
Bullish sentiment permeated Wall Street on Thursday as investors couldn’t help but look past looming “fiscal cliff” woes and focus instead on the positive data at hand. Major stock indexes settled comfortably in green territory as investors expressed their cheer over the latest home sales report and GDP data, both of which beat expectations; pending home sales in October grew by 5.2%, marking a noticeable jump from last month’s reading of 0.4%, while economic growth improved to 2.7% from 2% previously [see Where U.S. ETF Investors Invest Overseas]. Later today our spotlight will focus in on the State Street SPDR S&P Retail ETF , which could be in for a volatile trading session depending on how markets digest the latest consumer spending data. Analysts are expecting for October’s consumer spending figure to show an increase of 0.1%, marking a contraction from the previous reading of 0.8% [Download 101 ETF Lessons Every Financial [...]
Click here to read the original article on ETFdb.com.
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