Fund BasicsSee More
- Fund Family State Street Global Advisors
- Assets Under Management 2,391,086,600
- Shares Outstanding, K 52,150
- 60-Month Beta 1.65
|Period||Period Low||Period High||Performance|
| || |
+0.56 (+1.24%)since 05/14/21
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+4.63 (+11.29%)since 03/15/21
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+24.07 (+111.54%)since 06/15/20
The ISM Manufacturing PMI for the month of April missed expectations. Still, some areas and their related ETFs should stay strong.
On May 4, Treasury Secretary Janet Yellen commented that interest rates may need to rise modestly over time to keep the U.S. economy from overheating, though she clarified later on that she is not "predicting...
The Institute for Supply Management's (ISM) index of national factory activity rose to a reading of 60.8 in February (which had been the highest since February 2018) from 58.7 in January.
Though the Fed Chair Powell said on Feb 23 that inflation is still 'soft', we expect the reflation trade to remain steady in the near term on stimulus hopes.
The ISM Manufacturing PMI dropped to 58.7 in January of 2021 from 60.5 in December which was the highest since August 2018 and below market forecasts of 60.
The ISM Manufacturing PMI for the United States rose to 60.7 in December 2020 from 57.5 in November and beat forecasts of 56.6.
The weak trading on Sep 21 led to a few winners with low-risk products but a number of losers from various corners of the investing space.
The U.S. job market has seen the worst month history hurt by the coronavirus-led lockdowns.
The year 2020 has so far been marked with Middle East tensions, the coronavirus outbreak and Wall Street rally. These sector ETFs have come across as winners and losers.
August was trade-war trodden and dealt a blow to the broader equity market. These sector ETFs were among the most-hurt ones.
|3rd Resistance Point||47.55|
|2nd Resistance Point||46.68|
|1st Resistance Point||46.17|
|1st Support Level||44.79|
|2nd Support Level||43.92|
|3rd Support Level||43.41|