The SPDR S&P 500 ETF (NYSE: SPY) overcame the inertia of a sideways trading range to break out to new all-time highs last week. These gains came at the behest of a renewed commitment from the FOMC to hold off on any immediate interest rate hikes until growth factors improve later on in the year.
Looking ahead, several important events this week have the potential to impact the market during the holiday-shortened Memorial Day schedule. Durable goods orders, new home sales data, and the first quarter GDP revision will play an important role in trading.
Here are the key ETFs to watch for the week of May 25.
iShares U.S. Home ...
/www.benzinga.com/trading-ideas/long-ideas/15/05/5537626/attention-investors-watch-housing-volatility-and-semiconducto alt=Attention Investors: Watch Housing, Volatility And Semiconductor ETFs>Full story available on Benzinga.com
More...