At a time when consumer confidence is wavering, the service sector added about 90,000 jobs last month, reports The Associated Press on The New York Times. The consumer services sector and ETF rely on consumer spending, which would be the main point of caution with an investment in IYC. Keep an eye on the long-term trendline, IYC is currently above the 200-day moving average.
iShares Dow Jones U.S. Consumer Services Sector Index Fund
Alternative ETFs for the consumer sector:
- SPDR S&P Retail (NYSEArca: XRT)
- First Trust Consumer Discretionary AlphaDEX (NYSEArca: FXD)
- Vanguard Consumer Discretionary (NYSEArca: VCR)
Tisha Guerrero contributed to this article.