Volatility struck Wall Street today as investors weighed the latest Euro Zone and domestic developments, forcing stocks to close roughly where they started. While Greece secured a consensus for a coalition government, U.S. central bankers announced their continuation of the stimulus package “Operation Twist”. Somewhat disappointed with the Fed’s “mild” reaction to the struggling economy, stocks closed on a mixed note: the Dow Jones Industrial average shed 0.10%, while the S&P lost 0.17% and Nasdaq came out on top, cinching a slight gain of 0.02% [see also 101 ETF Lessons Every Financial Advisor Should Learn]. After weeks of riding on the hopes of the elusive QE3, investors finally got some answers, but perhaps not exactly the ones they wanted to hear. Although the Fed announced that it would extend Operation Twist through the end of the year, they did not decide to take a more aggressive approach to boosting the economy as many [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: PBW Rises With Optimism, VXX Turns Lower Daily ETF Roundup: VXX Jumps On Uncertainty, PBW Sinks With Profit Taking Daily ETF Roundup: VXX Surges Nearly 10% On Market Woes, PBW Dips On Obama Speech Daily ETF Roundup: VXX Rises On Jobs Uncertainty, PBW Tumbles After Solyndra Bankruptcy Daily ETF Roundup: VXX Skyrockets On Market Crash, PBW Plummets On Slowdown Fears
Volatility struck Wall Street today as investors weighed the latest Euro Zone and domestic developments, forcing stocks to close roughly where they started. While Greece secured a consensus for a coalition government, U.S. central bankers announced their continuation of the stimulus package “Operation Twist”. Somewhat disappointed with the Fed’s “mild” reaction to the struggling economy, stocks closed on a mixed note: the Dow Jones Industrial average shed 0.10%, while the S&P lost 0.17% and Nasdaq came out on top, cinching a slight gain of 0.02% [see also 101 ETF Lessons Every Financial Advisor Should Learn]. After weeks of riding on the hopes of the elusive QE3, investors finally got some answers, but perhaps not exactly the ones they wanted to hear. Although the Fed announced that it would extend Operation Twist through the end of the year, they did not decide to take a more aggressive approach to boosting the economy as many [...]
Click here to read the original article on ETFdb.com.
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