Yesterday at a glance: Consumer Staples Select Sector SPDR Fund rose 65 cents to close at $72.12 yesterday which makes for a move of 0.91%.
United States Producer Price Index data will be released today at 12:30 UTC, with an expected decline to 0.3%.
Consumer Staples Select Sector SPDR Fund shows positive signs, other assets are also on par: Meta Platforms went up by 7.25% yesterday, and closed at $194.02. Notably, The Charles Schwab rose 9.19% yesterday and closed at $51.91. Notably, Wells Fargo & Company rose 4.58% yesterday and closed at $38.41.
Also worthy of note, United States Retail Sales projected to decline to -0.3% while previous data was 3%; data will be released today at 12:30 UTC. Today at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. United States Producer Price Index projected to come out at 0.3% — worse than previous data of 0.7%; data will be released today at 12:30 UTC.
All in all, the fund has been on a negative trend for around a month. Consumer Staples Select Sector SPDR Fund has shed 6.67% over the past three months.