Compared to last week, today’s trading session was relatively quiet. The first few trading days of 2013 were explosive to say the least, as the S&P 500 managed to close at its highest point since December of 2007 last week. But the euphoria was quick to wear off, as a new day brought a new set of problems and a lack of optimism on The Street. The big story of the day was Bank of America (BAC), which reached an agreement to pay $10 billion to Fannie Mae using a combination of cash and mortgage repurchases [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks Slide Sideways It was a relatively slow day, as investors took profits from last week’s massive run with little else happening. Now, traders will have their sights set on February as the new Congress debates the U.S. debt ceiling, a story [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Fed Minutes Spook Stocks Daily ETF Roundup: Another Day, Another Sell-Off Daily ETF Roundup: Jobs Report Boosts Markets ETF Insider: Optimism Bolsters Indexes Above Key Support Daily ETF Roundup: Excitement Simmers On Mixed News
Compared to last week, today’s trading session was relatively quiet. The first few trading days of 2013 were explosive to say the least, as the S&P 500 managed to close at its highest point since December of 2007 last week. But the euphoria was quick to wear off, as a new day brought a new set of problems and a lack of optimism on The Street. The big story of the day was Bank of America (BAC), which reached an agreement to pay $10 billion to Fannie Mae using a combination of cash and mortgage repurchases [see also Seven Simple & Cheap ETF Model Portfolios]. Global Market Overview: Stocks Slide Sideways It was a relatively slow day, as investors took profits from last week’s massive run with little else happening. Now, traders will have their sights set on February as the new Congress debates the U.S. debt ceiling, a story [...]
Click here to read the original article on ETFdb.com.
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