Tuesday’s ETF Chart To Watch: Consumer Discretionary Select Sector SPDR (XLY)

Equity indexes started the week with a bang as bullish sentiment swept over Wall Street thanks to news of European leaders making progress in the right direction, along with a stellar start to the holiday shopping season at home. The Nasdaq led the way higher, gaining 3.52% on the day, while the Dow Jones Industrial average lagged behind, clinching a 2.59% gain. Domestic equities charged higher as U.S. retailers gained big time over the weekend, with research showing that the average shopper spent $398.62, up from last year’s figure of $365.34 [see ETF Insider: Investors Shopping For Hope]. Gold climbed higher alongside stocks and futures prices for the precious metal reclaimed the $1,700 level, settling near $1,714 an ounce as the trading session drew to a close. Investors will keep their on the U.S. consumer confidence report when it hits the street later today, which brings the spotlight on the [...] Click here to read the original article on ETFdb.com. Related Posts: Tuesday’s ETF Chart To Watch: State Street Consumer Discretionary SPDR (XLY) Wednesday’s ETF To Watch: Consumer Discretionary Select Sector SPDR (XLY) Friday’s ETF To Watch: Consumer Discretionary SPDR (XLY) ETF Insider: Markets In Limbo ETFs & Sector Rotation: Large Cap, Small Cap, Or International?