Reversing much of the last 2-day rally, U.S. equities fell today as investors digested the latest economic data and commentary from the Fed. In today’s FOMC statement, the central bank said that they will continue purchasing $85 billion in bonds a month, though they indicated that this amount may increase or decrease depending on the health of the labor market and inflation. In other economic news, the Institute of Supply management reported slower manufacturing activity in April, while the Commerce Department’s report showed construction spending falling to a seven-month low in March [see What Can You Buy With Apple's Cash?]. Global Market Overview: Fed Takes More Flexible Stance, VXX Pops Following today’s FOMC statement, all three major U.S. equity indexes declined to close in negative territory. The Dow Jones Industrial Average ETF fell 0.86%, as its underlying index tumbled 138.85 points. The S&P 500 ETF shed 0.88%, while the tech-heavy Nasdaq ETF lost 0.47%. In Europe, most markets [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Hedge Your Bullish Bets This Week Daily ETF Roundup: Dow Tumbles, Posting Worst One-Day Drop In 2013 ETF Insider: Buy On The Dip With Caution 3 ETFs To Watch This Week: EWG, EWU, VXX 3 ETFs To Watch This Week: EWA, EU, VXX
Reversing much of the last 2-day rally, U.S. equities fell today as investors digested the latest economic data and commentary from the Fed. In today’s FOMC statement, the central bank said that they will continue purchasing $85 billion in bonds a month, though they indicated that this amount may increase or decrease depending on the health of the labor market and inflation. In other economic news, the Institute of Supply management reported slower manufacturing activity in April, while the Commerce Department’s report showed construction spending falling to a seven-month low in March [see What Can You Buy With Apple's Cash?]. Global Market Overview: Fed Takes More Flexible Stance, VXX Pops Following today’s FOMC statement, all three major U.S. equity indexes declined to close in negative territory. The Dow Jones Industrial Average ETF fell 0.86%, as its underlying index tumbled 138.85 points. The S&P 500 ETF shed 0.88%, while the tech-heavy Nasdaq ETF lost 0.47%. In Europe, most markets [...]
Click here to read the original article on ETFdb.com.
Related Posts:
