Stocks got off to a fairly uneventful start on Monday as investors decided to “play it safe” ahead of tomorrows key FOMC decision. Interest rates aren’t expected to go anywhere this time around, although investors will play close attention to the economic commentary issued after the rate announcement itself. Mixed trading on Wall Street kicked-off the week; the Dow Jones Industrial Average tacked on a solid 0.29% gain on the day, while the Nasdaq slipped in red territory, shedding 0.16% for the day [see ETF Insider: Was The Greek Bailout Priced In?]. Mixed economic news from overseas coupled with a lackluster U.S. budget deficit paved the way for mixed trading across equity markets. The U.S. government reported a $231.7 billion budget deficit for February, which is higher than the previous reading of $222.5 billion in the same month of last year. In Japan, machine orders data came in better-than-expected, although consumer confidence [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLU Gains On Uncertainty, VXX Plummets On ECB Loan Daily ETF Roundup: VXX Sinks, XLU Jumps Higher Three Low Beta Equity ETFs For A Volatile Market Daily ETF Roundup: XLU Rises, VXX Continues Slide Ten ETF Ideas For 2010
Stocks got off to a fairly uneventful start on Monday as investors decided to “play it safe” ahead of tomorrows key FOMC decision. Interest rates aren’t expected to go anywhere this time around, although investors will play close attention to the economic commentary issued after the rate announcement itself. Mixed trading on Wall Street kicked-off the week; the Dow Jones Industrial Average tacked on a solid 0.29% gain on the day, while the Nasdaq slipped in red territory, shedding 0.16% for the day [see ETF Insider: Was The Greek Bailout Priced In?]. Mixed economic news from overseas coupled with a lackluster U.S. budget deficit paved the way for mixed trading across equity markets. The U.S. government reported a $231.7 billion budget deficit for February, which is higher than the previous reading of $222.5 billion in the same month of last year. In Japan, machine orders data came in better-than-expected, although consumer confidence [...]
Click here to read the original article on ETFdb.com.
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