Thursday at a glance: Industrial Select Sector SPDR Fund was steady Thursday maintaining a $97.34 – $98.17 range before closing at $97.77.
Analysis of Industrial Select Sector SPDR Fund's recent price action suggests Industrial Select Sector SPDR Fund is approaching key support, around 84 cents away from $96.93. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
While Industrial Select Sector SPDR Fund was pretty flat Thursday, mixed performances were seen elsewhere as Alphabet went up by 3.76% Thursday, and closed at $108.9. Notably, Alibaba rose 4.25% Thursday and closed at $98.55. Microsoft is trading around $291.6 after ending Thursday's session at $284.34 (up 2.55% today).
Data to be released today might clear up some of the market fog as United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.
A month ago Industrial Select Sector SPDR Fund reached a significant high of $103.67 but has consequently lost 5.66% since then.