The bull herd continued its stampede across Wall Street yesterday as upbeat economic data kept the bears from resurfacing. Domestic equity benchmarks extended gains into uncharted territory after weekly jobless claims data came in better than expected; the weekly report showed that 346,000 people had filed for unemployment benefits, marking a healthy improvement over the previous reading of 388,000 [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The State Street SPDR S&P Retail ETF will make its way into the spotlight later today as investors react to the latest retail sales data from March. XRT could be in for a volatile session if last month’s sales suggest economic uncertainty; analysts are expecting for the monthly figure to post a contraction of 0.1% versus last month’s reading of positive 1.1%. Chart Analysis U.S. retail stocks have enjoyed an absolutely stellar run-up since the start of 2013; in fact, XRT is trading at [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: GLD, EWU, XRT 3 Sector Rotation Strategies ETF Investors Must Know ETF Insider: European Tensions On The Horizon 3 ETFs To Watch This Week: XRT, XHB, EWC Daily ETF Roundup: Dow Posts First 9-Day Win Streak Since 1996
The bull herd continued its stampede across Wall Street yesterday as upbeat economic data kept the bears from resurfacing. Domestic equity benchmarks extended gains into uncharted territory after weekly jobless claims data came in better than expected; the weekly report showed that 346,000 people had filed for unemployment benefits, marking a healthy improvement over the previous reading of 388,000 [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The State Street SPDR S&P Retail ETF will make its way into the spotlight later today as investors react to the latest retail sales data from March. XRT could be in for a volatile session if last month’s sales suggest economic uncertainty; analysts are expecting for the monthly figure to post a contraction of 0.1% versus last month’s reading of positive 1.1%. Chart Analysis U.S. retail stocks have enjoyed an absolutely stellar run-up since the start of 2013; in fact, XRT is trading at [...]
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