Thursday’s ETF To Watch: Industrial Sector SPDR (XLI)

The past few weeks have seen plenty of causes for concern among equity investors, as the ongoing sovereign debt crisis in Europe and fears of a slowdown in China weighed on the markets. Despite this lingering issues, U.S. equity markets have managed to broadly move higher thanks to strong retail data, and bullish earnings reports from a variety of important market bellwethers. This focus on key data has led to somewhat of a ‘Santa Claus’ rally on Wall Street as of late; however, a key piece of data scheduled to be released later today could either sink the markets or turn into a early Christmas present for investors. Later today, investors will focus in on the key durable goods report for the month of November, a figure that shows how much businesses are spending and if they are taking part in the modest recovery. After a sharp 3.4% drop in October’s [...] Click here to read the original article on ETFdb.com.