Wall Street seemingly took a breather today, with stocks reversing their earlier gains in the last minutes of trading to close lower. The Dow rallied earlier in the day, reaching just 20 points shy of its all-time closing high; the rally, however, was short-lived as anemic trading volumes and lack of momentum led blue chips lower. In economic news, a second reading of fourth quarter GDP was revised into positive territory, while initial jobless claims dropped to 344,000 last week. In a separate report, the Institute for Supply management’s Chicago-area purchasing managers’ index came in surprisingly higher for February [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Early Morning Rally Sizzles, Stocks Close In Red After reversing earlier gains, all three major U.S. equity indexes slipped to close in negative territory today. The Dow Jones Industrial Average ETF logged in a 0.23% loss, as its underlying index rallied to [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks End Off Lows, Volatility Spikes Daily ETF Roundup: Stocks End Mixed, S&P Posts Seventh Weekly Gain Daily ETF Roundup: Stocks Post Worst One-Day Drop In 2013 Daily ETF Roundup: Stocks Pull Back On Fed And Lackluster GDP Daily ETF Roundup: Excitement Simmers On Mixed News
Wall Street seemingly took a breather today, with stocks reversing their earlier gains in the last minutes of trading to close lower. The Dow rallied earlier in the day, reaching just 20 points shy of its all-time closing high; the rally, however, was short-lived as anemic trading volumes and lack of momentum led blue chips lower. In economic news, a second reading of fourth quarter GDP was revised into positive territory, while initial jobless claims dropped to 344,000 last week. In a separate report, the Institute for Supply management’s Chicago-area purchasing managers’ index came in surprisingly higher for February [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Early Morning Rally Sizzles, Stocks Close In Red After reversing earlier gains, all three major U.S. equity indexes slipped to close in negative territory today. The Dow Jones Industrial Average ETF logged in a 0.23% loss, as its underlying index rallied to [...]
Click here to read the original article on ETFdb.com.
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