Markets took a steep tumble today, as investors left for the weekend feeling uneasy about the budget talks in Washington. After several back and forth talks between the President, House Speaker John Boehner, in a surprise move, abandoned his plans to bring his “Plan B” budget proposal to a vote, though he assured the public that he hasn’t given up on negotiations with the President. And with Congress disbanded until after Christmas, Washington now has even fewer days to concoct some plan to avoid the economy tipping into a recession [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Congress Spooks Markets Ahead of Holidays All three major U.S. equity indexes tumbled into negative territory today following a gloomy day in budget talks in Washington. Tech-heavy Nasdaq came at the bottom of the barrel, shedding 0.96% duing the session. The S&P 500 dropped 0.94%, while the Dow Jones Industrial Average fell 0.91%. European markets were [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Preys On Choppy Trading, XLF Sinks on JPM Losses Daily ETF Roundup: VXX Recovers As Market Tank, XLF Leads Losses Daily ETF Roundup: XLF Tanks On Europe Fears, VXX Soars Amidst Uncertainty Daily ETF Roundup: XLF Surges On Europe Hopes, VXX Plunges On Market Strenght Daily ETF Roundup: XLF Surges On Euro Zone Hopes, VXX Sinks On Equity Surge
Markets took a steep tumble today, as investors left for the weekend feeling uneasy about the budget talks in Washington. After several back and forth talks between the President, House Speaker John Boehner, in a surprise move, abandoned his plans to bring his “Plan B” budget proposal to a vote, though he assured the public that he hasn’t given up on negotiations with the President. And with Congress disbanded until after Christmas, Washington now has even fewer days to concoct some plan to avoid the economy tipping into a recession [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Congress Spooks Markets Ahead of Holidays All three major U.S. equity indexes tumbled into negative territory today following a gloomy day in budget talks in Washington. Tech-heavy Nasdaq came at the bottom of the barrel, shedding 0.96% duing the session. The S&P 500 dropped 0.94%, while the Dow Jones Industrial Average fell 0.91%. European markets were [...]
Click here to read the original article on ETFdb.com.
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