Skip to main content

Friday’s ETF Chart To Watch: XLY In Spotlight Amid Consumer Data Frenzy

By: ETFdb
Major domestic equity benchmarks drifted sideways with a downward bias for most of yesterday as bullish momentum failed to catch on given the mixed data releases on the day; weekly jobless claims came in at 305,000 compared to last week’s reading of 327,000, although pending home sales dipped 1.6% compared to last month’s contraction of 1.4% [see 3 ETF Trades To Make Before The Congress Showdown]. Our ETF chart to watch for the day is the State Street Consumer Discretionary Select Sector SPDR , which may experience volatile trading as investors digest a number of data releases about the health of the U.S. consumer. Analysts are expecting for personal income to post an increase of 0.4% compared to last month’s reading of 0.1%, while the consumer spending figure is expected to post an increase of 0.3% compared to last month’s reading of 0.1%. Chart Analysis Consider XLY’s one-year daily performance chart below. [...] Click here to read the original article on ETFdb.com. Related Posts: Tuesday’s ETF Chart To Watch: XLY Ready To Rebound Ahead Of Consumer Confidence Earnings Preview: Gold Miners, Apple, And Aerospace Report Friday’s ETF Chart To Watch: XLY Rally In Focus After Consumer Sentiment Data Consumer ETFs Rise On Upbeat Confidence Data Consumer ETFs: 3 Things To Consider
Major domestic equity benchmarks drifted sideways with a downward bias for most of yesterday as bullish momentum failed to catch on given the mixed data releases on the day; weekly jobless claims came in at 305,000 compared to last week’s reading of 327,000, although pending home sales dipped 1.6% compared to last month’s contraction of 1.4% [see 3 ETF Trades To Make Before The Congress Showdown]. Our ETF chart to watch for the day is the State Street Consumer Discretionary Select Sector SPDR , which may experience volatile trading as investors digest a number of data releases about the health of the U.S. consumer. Analysts are expecting for personal income to post an increase of 0.4% compared to last month’s reading of 0.1%, while the consumer spending figure is expected to post an increase of 0.3% compared to last month’s reading of 0.1%.  Chart Analysis Consider XLY’s one-year daily performance chart below. [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.