Friday’s ETF Chart To Watch: Industrial Select Sector SPDR (XLI)

Stock markets rebounded higher on Thursday as investors rejoiced over better-than-expected employment data on the home front. U.S. jobless claims fell to 364,000, marking the lowest number of people applying for unemployment benefits since April 2008. Bullish momentum on Wall Street was further bolstered by improving consumer sentiment, which also topped analyst expectations. Gold futures drifted lower amidst the improving economic outlook, and prices for the precious yellow metal settled near $1,605 an ounce as the trading session drew to a close. Improving economic conditions at home are helping to restore confidence in the U.S. recovery and investors will turn their attention to the latest durable goods data release later today. The State Street Industrial Select Sector SPDR (XLI) is our ETF to watch for today as it may experience an increase in trading volumes after investors digest the latest economic data [see XLI Holdings]. Analysts are expecting for U.S. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Will The Supercommittee Surprise? Direxion Fills Up Leveraged ETF Pipeline Wednesday’s ETF Chart To Watch: Industrial Select Sector SPDR (XLI) ETF Insider: Bulls In Drivers Seat Wednesday’s ETF To Watch: Industrial Select Sector SPDR (XLI)