The first week of May could be a turbulent one for the markets, with the Federal Reserve set to issue its decision on interest rates on Wednesday and the release of employment data on Friday.
Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) rebounded over 5% higher last Friday to close the trading session above the 200-day simple moving average (SMA).
As April draws to a close, it's the right time to look back at how the 11 S&P 500 sector ETFs fared over the month. The market as a whole was only slightly positive for the month, with the SPDR S&P 500 Trust ETF (ARCA: SPY) gaining 1.3%, although there were some
The Personal consumption expenditure (PCE) price index grew 0.1% in April from the previous month and 4.2% annually, according to the Bureau of Economic Analysis. That's down from 5% in February and falling short of economist expectations of a 4.6% increase.
European equities slumped on Friday as preliminary GDP data for the eurozone showed a slightly lower-than-expected increase in the first quarter, while German preliminary GDP data fell well short of expectations.