Major equity indexes inched higher as better-than-expected economic data re-ignited bullish momentum on Wall Street. The Nasdaq Index, however, posted a minor loss on the day as Apple’s sluggish performance dragged down the entire technology sector thanks to the firm’s massive influence given its sheer size. The headline story on the day was December retail sales, which grew by 0.5%, marking a modest jump from the previous reading of 0.4% and also surpassing analyst estimates of 0.2% growth [see How To Swing Trade ETFs]. Investors will keep their focus on the homefront later today as corporate earnings come under the spotlight along with key inflation data. With U.S. Consumer Price Index data slated to come out before the opening bell, our ETF to watch is the PowerShares DB USD Index Bullish , which may gap in either direction depending on investors’ reaction to the latest domestic inflation reading; analysts are [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Gridlock And Optimism Sway Stocks ETF Plays If CEOs Win Over Washington ETF Insider: Sloppy Start To Earnings Season ETF Insider: Trading Ideas For Earnings Season ETF Insider: Flat And Thin
Major equity indexes inched higher as better-than-expected economic data re-ignited bullish momentum on Wall Street. The Nasdaq Index, however, posted a minor loss on the day as Apple’s sluggish performance dragged down the entire technology sector thanks to the firm’s massive influence given its sheer size. The headline story on the day was December retail sales, which grew by 0.5%, marking a modest jump from the previous reading of 0.4% and also surpassing analyst estimates of 0.2% growth [see How To Swing Trade ETFs]. Investors will keep their focus on the homefront later today as corporate earnings come under the spotlight along with key inflation data. With U.S. Consumer Price Index data slated to come out before the opening bell, our ETF to watch is the PowerShares DB USD Index Bullish , which may gap in either direction depending on investors’ reaction to the latest domestic inflation reading; analysts are [...]
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