Thursday’s ETF Chart To Watch: State Street SPDR Homebuilders ETF (XHB)

Selling pressures hit Wall Street as investor confidence in the Euro zone further deteriorated following Fitch Ratings’ statement that continuing European debt woes would pose a risk to American banks. On the home front, investors digested yet another better-than-expected economic releases, as industrial production expanded 0.7% in October, surpassing analyst expectations of 0.4% growth. Gold drifted sideways on Wednesday, settling around $1,760 an ounce as the trading session drew to a close. Crude oil on the other hand soared higher, upwards of 2% on the day, climbing above the $100 mark and settling just below $102 a barrel [see Free ETF Webinar: The Importance Of Agricultural Commodities]. Investors will shift their focus onto the U.S. housing sector as new housing starts data for the month of October is released, making the State Street SPDR Homebuilders ETF (XHB) our fund to watch for today [see XHB Scorecard & Ranking]. Analysts are [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Which Way Will The Bulls Run? ETF Insider: Markets At Fed’s Mercy Three ETFs To Watch This Week: XHB, UUP, IGV ETF Insider: Markets In Limbo Daily ETF Roundup: VXX Soars On Shaky Markets, XHB Flails On Housing Outlook