I'm LongbridgeAI, I can summarize articles.ALLW.US closed at $29.09, up 0.79% for the week. The ETF traded in a narrow range over the five sessions, opening Monday at $28.95 and drifting lower through midweek. Wednesday’s low of $28.655 marked the bottom of the week, before a jump to $29.18 on Thursday and a small pullback on Friday. With the weekly amplitude at just 1.97%, the fund spent the week consolidating without any major catalyst.
The Week
ALLW.US closed at $29.09, up 0.79% for the week. The ETF traded in a narrow range over the five sessions, opening Monday at $28.95 and drifting lower through midweek. Wednesday’s low of $28.655 marked the bottom of the week, before a jump to $29.18 on Thursday and a small pullback on Friday. With the weekly amplitude at just 1.97%, the fund spent the week consolidating without any major catalyst.
The Week Ahead
US macro data dominates the coming days. The NAHB housing market index lands on Monday, with prior and forecast both at 32. Housing starts and building permits follow on Tuesday; starts are expected at 1.305m versus 1.275m prior, while permits are forecast at 1.395m against 1.403m. Wednesday brings the weekly EIA crude oil and Cushing inventory reports.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.