The Dow Jones Industrial Average halted its 10-day winning streak, its best run since 1996, as investors curbed bullish momentum following a disappointing U.S. economic report. The Thomson Reuters/University of Michigan consumer-sentiment index was reported to have fallen in March, dropping to its lowest level since December of 2011; consumers’ optimism for the economic environment over the year ahead also worsened. In other economic news, the Federal Reserve Bank of New York’s Empire State index showed a modest expansion of manufacturing activity in the region, but less than expected. In separate reports, the consumer price index and industrial production both came in better-than-expected [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Snaps Its 10-Day Win Streak Following a disappointing consumer sentiment report, all three major U.S. equity indexes stumbled to close in negative territory. The Dow Jones Industrial Average ETF slipped 0.14%, as its underlying index snapped its record [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Sets Yet Another Record Daily ETF Roundup: Dow Posts First 9-Day Win Streak Since 1996 Daily ETF Roundup: S&P Snaps 7-Day Win Streak Daily ETF Roundup: Stocks Higher Despite Disappointing Chinese Data Daily ETF Roundup: Historic Week Finishes On Upbeat Labor Data
The Dow Jones Industrial Average halted its 10-day winning streak, its best run since 1996, as investors curbed bullish momentum following a disappointing U.S. economic report. The Thomson Reuters/University of Michigan consumer-sentiment index was reported to have fallen in March, dropping to its lowest level since December of 2011; consumers’ optimism for the economic environment over the year ahead also worsened. In other economic news, the Federal Reserve Bank of New York’s Empire State index showed a modest expansion of manufacturing activity in the region, but less than expected. In separate reports, the consumer price index and industrial production both came in better-than-expected [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Snaps Its 10-Day Win Streak Following a disappointing consumer sentiment report, all three major U.S. equity indexes stumbled to close in negative territory. The Dow Jones Industrial Average ETF slipped 0.14%, as its underlying index snapped its record [...]
Click here to read the original article on ETFdb.com.
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