Deeper losses were offset by a rise in the material sector (XLB), which rose 0.45%. Plus:These key levels may signal if the stock market is set to rise or fall (http://www.marketwatch.com/story/the-key-levels-stock-market …
Dow Jones Industrial Average
The Materials Select Sector SPDR (NYSE:XLB) was unchanged in premarket trading Thursday. Year-to-date, XLB has gained 5.53%, versus a 5.10% rise in the benchmark S&P 500 index during the same period.
Sector
DuPont is XLB’s second-largest holding with a weight of 10.3% while the stock is also IYM’s number two holding with an allocation of 9.5%. Monsanto (NYSE: MON) is the top holding in both funds. The Peltz/DuPont rumor …
While XLB is a slightly better bet for short trades ... January is typically a month to be avoided in the stock market. The S&P 500, and most sector ETFs, usually move lower. Short trades are favored in the materials …
In a recent interview with CNBC, he offered the following assessment of the current bank stock action, and the sector’s future ... followed closely by …
Trump
Major stock market index ETFs were narrowly mixed Wednesday with material and health care showing strength among sectors. Materials Select Sector SPDR (XLB) was up 0.5%. The $3.87 billion ETF has risen 5.6% so …
Ease
Of the nine, short interest rose in six p/p (XLF, XLI, XLK, XLP, XLU, XLY). Five were above their respective 50-day moving average (XLB, XLE, XLF, XLI, XLY) and four below (XLK, XLP, XLU, XLV). SPDR Materials Sector ETF …
DMND – Diamond Foods, Inc. – Bullish options in play on the maker of Pop Secret® popcorn and other packaged consumer food products look for shares in Diamond Foods to rally in the near term. Shares in DMND are up …
Like in 2007 when investors simply couldn’t imagine stock prices tumbling lower after ripping higher ... tracked as Materials Select Sector SPDR ETF (NYSE Arca: XLB), which is composed of stocks that operate in areas …
Stock market
So while XLB is far from an ideal commodities-stock index, it does have enough big producers to act as a reasonable proxy for commodities stocks in general. But despite containing some giant commodities …