Though stocks managed to claw their way off their session lows, Wall Street was in for a volatile trading day as disappointing economic reports and looming uncertainties concerning the Fed’s policies put selling pressures on the market. For the most part, equities tumbled amid worries the central bank might scale back or completely end its stimulus measures earlier-than-expected. Adding to today’s downward pressure, the Philadelphia Federal Reserve’s February index of business activity fell 12.5%, bucking analysts’ expectations of a positive reading. Initial claims for unemployment benefits also disappointed investors, rising to 362,000 in the latest week [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Off Lows, Volatility Spikes After a rather volatile session, all three major U.S. equity indexes fell to close in negative territory today. The S&P 500 ETF fell 0.61%, as its underlying index managed to claw back above the widely-watched 1,500 level. The Dow [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Post Worst One-Day Drop In 2013 Daily ETF Roundup: Stocks Pull Back On Fed And Lackluster GDP Daily ETF Roundup: Excitement Simmers On Mixed News Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Another Day, Another Sell-Off
Though stocks managed to claw their way off their session lows, Wall Street was in for a volatile trading day as disappointing economic reports and looming uncertainties concerning the Fed’s policies put selling pressures on the market. For the most part, equities tumbled amid worries the central bank might scale back or completely end its stimulus measures earlier-than-expected. Adding to today’s downward pressure, the Philadelphia Federal Reserve’s February index of business activity fell 12.5%, bucking analysts’ expectations of a positive reading. Initial claims for unemployment benefits also disappointed investors, rising to 362,000 in the latest week [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Off Lows, Volatility Spikes After a rather volatile session, all three major U.S. equity indexes fell to close in negative territory today. The S&P 500 ETF fell 0.61%, as its underlying index managed to claw back above the widely-watched 1,500 level. The Dow [...]
Click here to read the original article on ETFdb.com.
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