Equities rebounded today, recovering from yesterday’s worst one-day drop in 2013, as Fed Chairman Ben Bernanke testified on the Semiannual Monetary Policy Report before the Senate Banking Committee. In his testimony, 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. Also boosting equity markets, U.S. new homes sales logged in its biggest monthly jump in almost two decades while consumer confidence rebounded to hits highest level since November. In a separate report, the Federal Reserve Bank of Richmond reported that manufacturing activity in the Atlantic region turned positive this month [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Housing Data Brings Back The Bulls Rebounding from yesterday’s steep sell-off, all three major U.S. equity indexes rallied to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.81%, as [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Housing Soars, Earnings Miss ETF Insider: Markets At Fed’s Mercy Daily ETF Roundup: Stocks Rebound Daily ETF Roundup: Stocks End Off Lows, Volatility Spikes
Equities rebounded today, recovering from yesterday’s worst one-day drop in 2013, as Fed Chairman Ben Bernanke testified on the Semiannual Monetary Policy Report before the Senate Banking Committee. In his testimony, 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. Also boosting equity markets, U.S. new homes sales logged in its biggest monthly jump in almost two decades while consumer confidence rebounded to hits highest level since November. In a separate report, the Federal Reserve Bank of Richmond reported that manufacturing activity in the Atlantic region turned positive this month [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Housing Data Brings Back The Bulls Rebounding from yesterday’s steep sell-off, all three major U.S. equity indexes rallied to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.81%, as [...]
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