Tuesday’s ETF Chart To Watch: Health Care Select Sector SPDR (XLV)

Despite starting off the week in hole, domestic equity indexes have turned in a monster performance for the month, with the S&P 500 clinching a stellar 11% gain in October. Profit taking swept across virtually every corner of the market on Monday after investors were a bit rattled by the Japanese bank intervening in the currency market and MF Global filing for bankruptcy. Gold futures tumbled lower and prices for the precious yellow metal settled near $1,720 an ounce as the trading day drew to a close. This week has several key events which are likely to be pivotal days for the markets, including an FOMC meeting as well as an interest rate decision from the European Central Bank. Pharmaceutical bellwether Pfizer is expected to report earnings results later today and analysts are expecting for the company to rake in $16.42 billion in revenues and generate a profit of $0.55 [...] Click here to read the original article on ETFdb.com. Related Posts: September ETF Data: Back Below $1 Trillion ETF Insider: Bears On Parade ETF Insider: Helicopter Ben Twists’ Markets ETF Insider: Markets At Fed’s Mercy Tuesday’s ETF To Watch: Health Care SPDR (XLV)