Strong pullbacks in several bellwether stocks had markets struggling for a definitive direction today, with the bulls and bears seemingly reaching a stalemate amidst a lack of significant market catalysts. Meanwhile, investors attempted to digest last’s night State of the Union address, where President Obama expressed his desire for Washington to come to a bipartisan agreement on spending. Despite receiving strong support from Democratic leaders, many believe the speech will do little to rally together the deeply divided Congress. On the economic front, U.S. retail sales came in slightly higher in January, inline with expectations [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Mixed Though most equities came off their session lows, major U.S. equity index closed mixed on the day. The Dow Jones Industrial Average ETF slipped 0.13%, dragged down by McDonald’s (MCD) and other fast-food stocks which were pressured by the President’s comments concerning minimum [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Rally Ahead of Obama’s State of the Union Daily ETF Roundup: Stocks Dragged By Energy In Lackluster Session Daily ETF Roundup: Stocks End Lower After Volatile Session Daily ETF Roundup: Stocks Close Flat On Euro Zone Worries Daily ETF Roundup: Stocks Bounce Back
Strong pullbacks in several bellwether stocks had markets struggling for a definitive direction today, with the bulls and bears seemingly reaching a stalemate amidst a lack of significant market catalysts. Meanwhile, investors attempted to digest last’s night State of the Union address, where President Obama expressed his desire for Washington to come to a bipartisan agreement on spending. Despite receiving strong support from Democratic leaders, many believe the speech will do little to rally together the deeply divided Congress. On the economic front, U.S. retail sales came in slightly higher in January, inline with expectations [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Mixed Though most equities came off their session lows, major U.S. equity index closed mixed on the day. The Dow Jones Industrial Average ETF slipped 0.13%, dragged down by McDonald’s (MCD) and other fast-food stocks which were pressured by the President’s comments concerning minimum [...]
Click here to read the original article on ETFdb.com.
Related Posts:
