U.S. equities seemingly took a breather today from last week’s record run, as investor concern over the Fed scaling back its major bond buying program weighed heavily on the markets. Today, Federal Reserve Bank of Chicago President Charles Evans commented that while the central bank’s stimulus measures have made good progress, officials need “a little more time” before they can be confident that the “substantial’ milestone has been reached. As such, investors will be paying close attention to Ben Bernanke’s testimony before the Senate on Wednesday and the release of the latest FOMC minutes [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: DBP Pops On Fed Speculations, XLE Rallies With no major economic data reported today, all three major U.S. equity indexes slipped to close in negative territory. The S&P 500 ETF settled 0.02% higher, though its underlying index closed down 0.07% on the day. The Dow Jones Industrial Average ETF fell 0.08%, while [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: YCS Pops On Strong Dollar, XLE Rallies Daily ETF Roundup: S&P Posts Record High, XLF And XLE Rally Daily ETF Roundup: Stocks Snap 4-day Win Streak In Lackluster Session Daily ETF Roundup: Dow Sets Yet Another Record Daily ETF Roundup: IGN Pops After Cisco Earnings, XLV Slumps
U.S. equities seemingly took a breather today from last week’s record run, as investor concern over the Fed scaling back its major bond buying program weighed heavily on the markets. Today, Federal Reserve Bank of Chicago President Charles Evans commented that while the central bank’s stimulus measures have made good progress, officials need “a little more time” before they can be confident that the “substantial’ milestone has been reached. As such, investors will be paying close attention to Ben Bernanke’s testimony before the Senate on Wednesday and the release of the latest FOMC minutes [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: DBP Pops On Fed Speculations, XLE Rallies With no major economic data reported today, all three major U.S. equity indexes slipped to close in negative territory. The S&P 500 ETF settled 0.02% higher, though its underlying index closed down 0.07% on the day. The Dow Jones Industrial Average ETF fell 0.08%, while [...]
Click here to read the original article on ETFdb.com.
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