Tag Archives: growth-matched

Tom Lydon submits: The money isn’t exactly flying around yet, but consumers opened their wallets a little wider last month. The news, which is what economists had anticipated, is sending exchange traded funds higher this morning. With consumer spending being two-thirds of the economy, you’d better believe that any improvement on that front will be greeted with a measure of jubilation. Consumer spending rose for the fifth straight month in February. The 0.3% growth matched economists’ expectations. Later this week, the Labor Department will deliver its monthly employment report. The consensus is that it will show jobs growth. Consumer Discretionary Select Sector SPDR ( XLY ) is up slightly this morning. [ Retail ETFs Have Their Work Cut Out. ] Complete Story