Investors might be recovering from a case of whiplash today, as a tumultuous day of Federal Reserve headlines and an unexpected technical glitch sent stocks lower. After much anticipation, the Fed finally signaled more strongly that it will take new measures to prop up the fragile domestic economy, but to investors disappointment, no further details were given. The news was overshadowed however by a technical glitch that resulted in a halt in trading, with 148 securities listed on the New York Stock Exchange being affected. And as traders panicked over the glitch, stocks slid lower: the Dow Jones Industrial Average fell 0.25%, while the S&P 500 declined 0.29% and Nasdaq dropped 0.66% [see also Seven Simple & Cheap ETF Model Portfolio]. Also during today’s FOMC meeting, the Fed announced that it will keep interest rates unchanged at the “exceptionally low level” of 0.25%. In regards to further stimulus, the Fed remained cautious, [...] Click here to read the original article on ETFdb.com. Related Posts: Wednesday’s ETF Chart To Watch: DB USD Index Bullish (UUP) ETF Insider: Momentum Hinges On ECB Hopes Daily ETF Roundup: Spain Propels VXX, DBB Heads South 17 ETFs For Day Traders ETF Insider: Rate Cuts Fail To Stir Optimism
Investors might be recovering from a case of whiplash today, as a tumultuous day of Federal Reserve headlines and an unexpected technical glitch sent stocks lower. After much anticipation, the Fed finally signaled more strongly that it will take new measures to prop up the fragile domestic economy, but to investors disappointment, no further details were given. The news was overshadowed however by a technical glitch that resulted in a halt in trading, with 148 securities listed on the New York Stock Exchange being affected. And as traders panicked over the glitch, stocks slid lower: the Dow Jones Industrial Average fell 0.25%, while the S&P 500 declined 0.29% and Nasdaq dropped 0.66% [see also Seven Simple & Cheap ETF Model Portfolio]. Also during today’s FOMC meeting, the Fed announced that it will keep interest rates unchanged at the “exceptionally low level” of 0.25%. In regards to further stimulus, the Fed remained cautious, [...]
Click here to read the original article on ETFdb.com.
Related Posts:
