NEM News: Will Materials ETFs Gain Further as Q1 Earnings Unfold? - 19th Apr 2024, 2:00am

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The materials sector, which tends to be the most sensitive to global economic growth expectations, has been performing well this year, given a resilient U.S. economy. The popular ETFs — Materials Select Sector SPDR XLB, Vanguard Materials ETF VAW, iShares U.S. Basic Materials ETF IYM and Fidelity MSCI Materials Index ETF FMAT — have gained 4.2%, 3.2%, 3.3% and 3.1%, respectively, so far this year.

Going into the Q1 earnings season, earnings releases from the sector giants will deter...

>>> Read more: Will Materials ETFs Gain Further as Q1 Earnings Unfold?
 
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