December 28, 2010 at 04:00 AM EST
Tuesday’s ETF To Watch: SPDR S&P Retail ETF (XRT)
The holiday cheer that’s been lifting the markets this month seems to be tapering off, with the Dow Jones Industrial Average taking a pause from its December surge and falling off its multi-month highs on Monday. Equities across the globe tumbled lower as a whole, with markets reacting negatively to China’s decision to increase interest rates over the weekend. Likewise, gold enjoyed a small gain to start the week, with the hot yellow-metal looking to get back on track to its upward trend [see Inflation-Fighting ETFs Back In Focus]. This week investors will have a round of economic indicators to digest before the year comes to a close with a shortened trading day on Friday, including the S&P/Case-Shiller home price index, consumer confidence, and jobless claims. The release of the consumer confidence level today at 10:00 am (ET) later today will be closely watched by investors and traders alike. The [...] Click here to read the original article on ETFdb.com.
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