Industrial Select Sector SPDR Fund was flat today following three consecutive days of gains

Today at a glance: a quiet day for Industrial Select Sector SPDR Fund as it remained range-bound within a $97.34 – $98.17 range before closing at $97.79.

Industrial Select Sector SPDR Fund's state is reflected by market data as highly important Initial Jobless Claims data from United States beat analyst expectations of 200,000 with a reading of 228,000. United States Crude Oil Inventories released earlier showed a marked improvement to -3.74 million from the preceding data of -7.49 million, but fell short of the -2.33 million figure forecast by a consensus of market analysts. United States ISM Non-Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 51.2, while the previous figure was 55.1.

Chart analysis suggests Industrial Select Sector SPDR Fund is approaching key support, around 86 cents away from $96.93. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

While Industrial Select Sector SPDR Fund was pretty flat today, mixed performances were seen elsewhere as notably, Alphabet rose 3.76% today and closed at $104.95. Alibaba is trading around $102.74 after ending today's session at $98.55 (up 4.25% today). Microsoft is trading around $291.6 after ending today's session at $284.34 (up 2.55% today).

Data to be released Monday might clear up some of the market fog as United States Non Farm Payrolls projected to decline to 239,000 while previous data was 311,000; data will be released tomorrow at 12:30 UTC. United States Unemployment Rate is expected tomorrow at 12:30 UTC.

Industrial Select Sector SPDR Fund reached a significant high of $103.67 around a month ago but has lost 5.66% since then.