Here’s Why Stocks Sprung Back Up

For the day, all sectors finished solidly in positive territory. The consumer staples and materials sectors led the group — all of which rose in excess of one percent.

Consumer Discretionary (NYSEARCA:XLY):  +1.43 percent

Technology (NYSEARCA:XLK):  +1.24 percent

Industrials (NYSEARCA:XLI):  +1.36 percent

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Materials (NYSEARCA:XLB):  +1.82 percent

Energy (NYSEARCA:XLE):  +1.23 percent

Financials (NYSEARCA:XLF):  +1.60 percent

Utilities (NYSEARCA:XLU):  +1.21 percent

Health Care (NYSEARCA:XLV):  +1.44 percent

Consumer Staples (NYSEARCA:XLP):  +1.87 percent

Bottom line: Investors were both relieved and encouraged by Tuesday’s upbeat economic reports, especially since industrial production rose by twice as much as expected.

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John Nyaradi is the author of The ETF Investing Premium Newsletter.

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