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Daily ETF Roundup: Stocks Trip Ahead Of FOMC
September 10, 2012 at 17:36 PM EDT
Bullish euphoria died down over the weekend as major equity indexes slipped back into red territory on Monday following last week’s massive rally. The European Central Bank’s decision to implement a more flexible bond-buying plan was well received by markets last week, however, the spotlight now comes onto the Federal Reserve as investors await for Bernanke to follow in Draghi’s footsteps. Following the sour employment report from last Friday, investors’ hopes for additional stimulus on the home front have intensified; this puts even more pressure on Chairman Bernanke to pull the “stimulus-trigger” so to speak this Thursday at the FOMC press conference [see also ETF Insider: Pressure On Fed To Follow]. Global Market Overview: Stocks Trip Ahead Of FOMC On Wall Street, major equity indexes broadly traded lower and the Nasdaq finished in last place as heavy selling pressures in shares of Apple dragged the tech-heavy benchmark lower. The Dow Jones Industrial Average [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Bullish euphoria died down over the weekend as major equity indexes slipped back into red territory on Monday following last week’s massive rally. The European Central Bank’s decision to implement a more flexible bond-buying plan was well received by markets last week, however, the spotlight now comes onto the Federal Reserve as investors await for Bernanke to follow in Draghi’s footsteps. Following the sour employment report from last Friday, investors’ hopes for additional stimulus on the home front have intensified; this puts even more pressure on Chairman Bernanke to pull the “stimulus-trigger” so to speak this Thursday at the FOMC press conference [see also ETF Insider: Pressure On Fed To Follow]. Global Market Overview: Stocks Trip Ahead Of FOMC On Wall Street, major equity indexes broadly traded lower and the Nasdaq finished in last place as heavy selling pressures in shares of Apple dragged the tech-heavy benchmark lower. The Dow Jones Industrial Average [...]
