Euphoria levels dropped off during the second day of trading in the new year as cautious commentary from the latest Fed minutes sent a wave of worry across Wall Street. Following Wednesday’s ferocious rally, profit taking pressures were quick to sweep in after the Federal Reserve said it plans to end its monthly bond-repurchase program sometime in 2013. Mixed economic news on the day only added to the clouds of uncertainty; the latest ADP employment report was upbeat, although weekly jobless claims came in higher-than-expected [Download Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Fed Minutes Spook Stocks Markets took cues from the Fed’s cautious outlook, which served as a warning sign that ongoing stimulus efforts could soon come to an end. Selling pressures hit the Nasdaq ETF the hardest, while the Dow Jones Industrial Average ETF proved most resilient on the day. On the international front, profit taking pressures also [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Another Day, Another Sell-Off ETF Insider: Optimism Bolsters Indexes Above Key Support Daily ETF Roundup: Excitement Simmers On Mixed News Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Stocks Sink, Greece Cuts A Deal
Euphoria levels dropped off during the second day of trading in the new year as cautious commentary from the latest Fed minutes sent a wave of worry across Wall Street. Following Wednesday’s ferocious rally, profit taking pressures were quick to sweep in after the Federal Reserve said it plans to end its monthly bond-repurchase program sometime in 2013. Mixed economic news on the day only added to the clouds of uncertainty; the latest ADP employment report was upbeat, although weekly jobless claims came in higher-than-expected [Download Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Fed Minutes Spook Stocks Markets took cues from the Fed’s cautious outlook, which served as a warning sign that ongoing stimulus efforts could soon come to an end. Selling pressures hit the Nasdaq ETF the hardest, while the Dow Jones Industrial Average ETF proved most resilient on the day. On the international front, profit taking pressures also [...]
Click here to read the original article on ETFdb.com.
Related Posts:
