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Friday’s ETF Chart To Watch: State Street Energy Select Sector SPDR (XLE)

By: ETFdb
Thursday was a bright green day on Wall Street as investors piled into equity market after European leaders took another step forward in the right direction. Policymakers in Brussels agreed upon a $1.4 trillion “bailout” while private bondholders negotiated to accept a 50% writedown on Greek debt. Although several key issues remain unanswered, investors are quite optimistic that EU leaders will prevail in bringing forth a comprehensive plan to restore stability. Amidst the cheer, gold worked its way higher throughout the day, bolstered by inflation fears from overseas. Futures prices for the yellow metal hit a fresh multi-week high of $1,751 an ounce as the trading day drew to a close. Energy giant, Chevron, is expected to report third quarter earnings results later today, and analysts are expecting for the company to generate a profit of $3.44 per share [try our Free ETF Stock Exposure Tool]. Chevron is the second [...] Click here to read the original article on ETFdb.com. Related Posts: September ETF Data: Back Below $1 Trillion Daily ETF Roundup: XLE Surges On Oil’s Jump, VXX Sinks On Greek Hopes ETFs & Sector Rotation: Large Cap, Small Cap, Or International? Three Forgotten ETFs To Play Oil April ETF Data: Assets Set Record, EEM Strikes Back
Thursday was a bright green day on Wall Street as investors piled into equity market after European leaders took another step forward in the right direction. Policymakers in Brussels agreed upon a $1.4 trillion “bailout” while private bondholders negotiated to accept a 50% writedown on Greek debt. Although several key issues remain unanswered, investors are quite optimistic that EU leaders will prevail in bringing forth a comprehensive plan to restore stability. Amidst the cheer, gold worked its way higher throughout the day, bolstered by inflation fears from overseas. Futures prices for the yellow metal hit a fresh multi-week high of $1,751 an ounce as the trading day drew to a close. Energy giant, Chevron, is expected to report third quarter earnings results later today, and analysts are expecting for the company to generate a profit of $3.44 per share [try our Free ETF Stock Exposure Tool]. Chevron is the second [...]

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

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