Tuesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT)

Bearish pressures took hold of Wall Street on Monday after leading microchip manufacturer, Intel, cut its revenue forecast while Moody’s rating agency said it would have to review the rating on all Euro zone member nations. Last Friday’s summit in Brussels proved to be a pivotal step in restoring investors’ confidence, although Moody’s noted that European policymakers are only taking incremental steps, rather than presenting a more decisive, comprehensive solution to combat the pressing issues. Ongoing worries in Europe continue to weigh down on the global economic outlook, which sparked a wave of selling across commodities [see ETF Insider: Stay On The Defense]. Gold and oil prices plunged, shedding 2.7% and 1.5% respectively on the day. Investors on Wall Street will look to regain some holiday cheer as U.S. retail sales figures for the month of November are slated to come out before the opening bell later today. This economic [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Stay On The Defense ETF Insider: Volatility Is Still Lurking Three ETFs To Watch This Week (XRT, EGPT, VROM) Shopping For A Retail ETF ETF Insider: Expect More Volatility