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7 Articles ETF Investors Must Read: 2/28
February 28, 2013 at 07:00 AM EST
Wall Street was in for a rough start this week as selling pressures had the S&P breaking below the 1,500 level and the Dow declining more than 200 points on Monday. Sparking the selloff was investors’ heightened concerns over Italy’s parliamentary elections, which produced no clear winner. Given that Italy is the eurozone’s third largest economy, the country’s instability has led many to understandably question whether or not the currency bloc will be able to stem its financial crisis [see Visual History Of The S&P 500]. Equities, however, managed to recover from the worst-one day drop in 2013, as Fed Chairman Ben Bernanke signaled that the central bank would continue its stimulus policies, quelling fears that the Fed would wind down or scale back its bond-buying program earlier than expected. Further bolstering investor confidence, U.S. new homes sales logged in its biggest monthly jump in almost two decades. Meanwhile, investors still remain concerned about a bundle of automatic [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Wall Street was in for a rough start this week as selling pressures had the S&P breaking below the 1,500 level and the Dow declining more than 200 points on Monday. Sparking the selloff was investors’ heightened concerns over Italy’s parliamentary elections, which produced no clear winner. Given that Italy is the eurozone’s third largest economy, the country’s instability has led many to understandably question whether or not the currency bloc will be able to stem its financial crisis [see Visual History Of The S&P 500]. Equities, however, managed to recover from the worst-one day drop in 2013, as Fed Chairman Ben Bernanke signaled that the central bank would continue its stimulus policies, quelling fears that the Fed would wind down or scale back its bond-buying program earlier than expected. Further bolstering investor confidence, U.S. new homes sales logged in its biggest monthly jump in almost two decades. Meanwhile, investors still remain concerned about a bundle of automatic [...]
