Friday’s ETF To Watch: Consumer Discretionary Select Sector SPDR (XLY)

Although the stock market continues to rise modestly in light of bad geopolitical news and high commodity prices, the good news in equities has failed to trickle into real job creation as unemployment remains stubbornly high across much of the nation. While jobs remain hard to come by, some recent data points could help to shed some light on the current situation and offer clues as to whether high levels of job creation will be upon us in the near future. Earlier this week, investors cheered the results of a lukewarm ADP report which showed that 200,000 jobs were created in the private sector as some pointed to the high number as reason for optimism despite the figure coming below analyst estimates. However, this news was soon balanced out by the initial jobless claims report from yesterday. In this report which shows investors how many people file for unemployment benefits [...] Click here to read the original article on ETFdb.com. Related Posts: Tuesday’s ETF To Watch: Consumer Discretionary Fund (XLY) Daily ETF Roundup: XLY Surges, BLV Continues To Slide Retail ETFs Slaughtered By Weak Data Daily ETF Roundup:XLY Flops, BWX Jumps Can Coach Purses And $4 Coffees Drive Consumer Discretionary ETFs?