Here’s Why Stocks Sprung Back Up
For the day, all sectors finished solidly in positive territory. The consumer staples and materials sectors led the group — all of which rose in excess of one percent.
Consumer Discretionary (NYSEARCA:XLY): +1.43 percent
Technology (NYSEARCA:XLK): +1.24 percent
Industrials (NYSEARCA:XLI): +1.36 percent
Materials (NYSEARCA:XLB): +1.82 percent
Energy (NYSEARCA:XLE): +1.23 percent
Financials (NYSEARCA:XLF): +1.60 percent
Utilities (NYSEARCA:XLU): +1.21 percent
Health Care (NYSEARCA:XLV): +1.44 percent
Consumer Staples (NYSEARCA:XLP): +1.87 percent
Bottom line: Investors were both relieved and encouraged by Tuesday’s upbeat economic reports, especially since industrial production rose by twice as much as expected.
John Nyaradi is the author of The ETF Investing Premium Newsletter.
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