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Thursday’s ETF Chart To Watch: SPDR Homebuilders ETF (XHB)
Stocks endured a choppy session yesterday after the Fed announced it will extend the “twist” program while at the same time issuing a concerning economic outlook. Hopes for additional stimulus remain on the table as Chairman Bernanke commented, “If we’re not seeing sustained improvement in the labor market that would require additional action.” Amidst the volatile trading on Wall Street, gold sank lower as profit-taking pressures developed; futures prices for the yellow metal settled near $1,605 an ounce as the closing bell rang [see also War In Syria, Crisis In Europe: Short Russia ETFs]. Following better-than-expected home builders’ index data on Monday, investors will once again turn their attention to the domestic housing market as relevant data hits the street after the opening bell. Analysts are expecting for existing home sales to come in at 4.6 million, a slight drop-off from last month’s 4.62 million; as such, the State Street SPDR [...] Click here to read the original article on ETFdb.com. Related Posts: Mid Day Roundup: Stocks Floating On Hope Thrifty Investors Behold: Cheapest ETF In Every Category Daily ETF Roundup: VXX Pops On Sour Retail Sales, XHB Heads South Daily ETF Roundup: XHB Pops On Optimism, VXX Continues To Sink Daily ETF Roundup: XHB Rises With ISM Data, VXX Sinks Lower
Stocks endured a choppy session yesterday after the Fed announced it will extend the “twist” program while at the same time issuing a concerning economic outlook. Hopes for additional stimulus remain on the table as Chairman Bernanke commented, “If we’re not seeing sustained improvement in the labor market that would require additional action.” Amidst the volatile trading on Wall Street, gold sank lower as profit-taking pressures developed; futures prices for the yellow metal settled near $1,605 an ounce as the closing bell rang [see also War In Syria, Crisis In Europe: Short Russia ETFs]. Following better-than-expected home builders’ index data on Monday, investors will once again turn their attention to the domestic housing market as relevant data hits the street after the opening bell. Analysts are expecting for existing home sales to come in at 4.6 million, a slight drop-off from last month’s 4.62 million; as such, the State Street SPDR [...]

Click here to read the original article on ETFdb.com.

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