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
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.
The Communication Services Select Sector SPDR Fund (ARCA: XLC) rallied nearly 6% on Thursday, on track to post its second-best performing session so far in 2023.
Market participants are eagerly awaiting for the March personal consumption expenditure (PCE) price index report from the Bureau of Economic Analysis on Friday (April 28), before the market opens.
Bank of America analysts reiterated a markedly bearish stance on the fate of European equities, predicting a decline of at least 20% by the end of the year for the Euro Stoxx 600 index amid a deteriorating mac