Thursday’s ETF Chart To Watch: Technology Select Sector SPDR (XLK)
Optimism and upbeat earnings carried markets higher for yet another session. The S&P 500 Index continues to inch closer and closer to the psychologically important 1,500 mark, with benchmark settling right at 1,496 as the closing bell rang on Wednesday. On the economic front, FHFA home price data came in line with expectations, posting a 0.6% increase. To the north, Canada’s central bank kept interest rates steady at 1.00% as expected, with the loonie sinking lower in the currency market on the day [see Visual History Of The S&P 500]. The spotlight remains fixated on corporate earnings at home, and with several tech giants set to report later today, we will be closely watching the State Street Technology Select Sector SPDR . This ETF may experience volatile trading as investors react to overnight results from Apple (AAPL), while also looking ahead to quarterly numbers from Microsoft (MSFT) and AT&T (T) both of [...] Click here to read the original article on ETFdb.com. Related Posts: New SPDRs Debut: Positive Momentum And Low Valuation 3 Tech ETFs with 20% Holdings in Apple (and 3 with less than 2%) Apple Vs. Samsung: Q&A With Scott Freeze First Trust Launches Technology Dividend ETF (TDIV) Huntington Launches Sector Rotation ETF (HUSE)
Optimism and upbeat earnings carried markets higher for yet another session. The S&P 500 Index continues to inch closer and closer to the psychologically important 1,500 mark, with benchmark settling right at 1,496 as the closing bell rang on Wednesday. On the economic front, FHFA home price data came in line with expectations, posting a 0.6% increase. To the north, Canada’s central bank kept interest rates steady at 1.00% as expected, with the loonie sinking lower in the currency market on the day [see Visual History Of The S&P 500]. The spotlight remains fixated on corporate earnings at home, and with several tech giants set to report later today, we will be closely watching the State Street Technology Select Sector SPDR . This ETF may experience volatile trading as investors react to overnight results from Apple (AAPL), while also looking ahead to quarterly numbers from Microsoft (MSFT) and AT&T (T) both of [...]

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

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