Yesterday’s brief euphoria quickly turned sour today, after fiscal cliff negations took a turn for the worse. House Speak John Boehner stated that the House would approve legislation on Thursday to keep the income tax rate the same for those earning less than $1 million a year, and would maintain the current estate tax at 35%. President Obama has already stated that he would veto this “Plan B” deal, leaving many investors wondering if the two sides will be able to come to a viable solution and compromise [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Stocks Decline As Budget Talks Turn Sour All three major U.S. equity indexes slipped into negative territory today on sour budget talks. The S&P 500 came at the bottom of the barrel, shedding 0.76% during the session. The Nasdaq slipped 0.33%, while the Dow Jones Industrial Average fell 0.74%. In Europe, markets were mostly higher after strong German data [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Post Solid Gains On Budget Talks Daily ETF Roundup: Stocks Inch Higher On Jobs Data ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks 5 Best (And 5 Worst) ETF Performers Over The Last Year 3 Best (And 3 Worst) ETF Performers Over The Last 3 Years
Yesterday’s brief euphoria quickly turned sour today, after fiscal cliff negations took a turn for the worse. House Speak John Boehner stated that the House would approve legislation on Thursday to keep the income tax rate the same for those earning less than $1 million a year, and would maintain the current estate tax at 35%. President Obama has already stated that he would veto this “Plan B” deal, leaving many investors wondering if the two sides will be able to come to a viable solution and compromise [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Stocks Decline As Budget Talks Turn Sour All three major U.S. equity indexes slipped into negative territory today on sour budget talks. The S&P 500 came at the bottom of the barrel, shedding 0.76% during the session. The Nasdaq slipped 0.33%, while the Dow Jones Industrial Average fell 0.74%. In Europe, markets were mostly higher after strong German data [...]
Click here to read the original article on ETFdb.com.
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