Investors were disappointed once again today, as the highly anticipated minutes of the Federal Reserve’s last meeting showed little promise of more aggressive actions in the future. The hopes of central bankers stepping in to boost the economy have been buoying markets over the past month, providing a false safety net for investors. And as that sense of security quickly faded, stocks reacted in kind, sliding into red territory: the Dow Jones Industrial Average slumped 0.38%, while the S&P closed virtually unchanged and Nasdaq came out as today’s biggest loser with its loss of 0.49% [see also Seven Simple & Cheap ETF Model Portfolio]. On the macroecnomic front, the U.S. trade deficit narrowed for the second straight month, falling within expectations at $48.7 billion. The narrowing of the deficit was mostly due to an increase in exports, as well as the fall in oil prices which helped push down imports. Across the Atlantic, the German consumer [...] Click here to read the original article on ETFdb.com. Related Posts: 101 ETF Lessons Every Financial Advisor Should Learn Daily ETF Roundup: UNG Spikes Higher, GDX Sinks With Gold Daily ETF Roundup: GDX Jumps With Gold, UNG Sinks With Oil Seven Surprising ETF Performance Comparisons Daily ETF Roundup: UNG Surges On Production Cuts, GDX Slips On Gold’s Weakness
Investors were disappointed once again today, as the highly anticipated minutes of the Federal Reserve’s last meeting showed little promise of more aggressive actions in the future. The hopes of central bankers stepping in to boost the economy have been buoying markets over the past month, providing a false safety net for investors. And as that sense of security quickly faded, stocks reacted in kind, sliding into red territory: the Dow Jones Industrial Average slumped 0.38%, while the S&P closed virtually unchanged and Nasdaq came out as today’s biggest loser with its loss of 0.49% [see also Seven Simple & Cheap ETF Model Portfolio]. On the macroecnomic front, the U.S. trade deficit narrowed for the second straight month, falling within expectations at $48.7 billion. The narrowing of the deficit was mostly due to an increase in exports, as well as the fall in oil prices which helped push down imports. Across the Atlantic, the German consumer [...]
Click here to read the original article on ETFdb.com.
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