February 20, 2013 at 18:00 PM EST
Daily ETF Roundup: Stocks End Lower After Fed Minutes
Yesterday’s M&A-induced euphoria quickly faded after the minutes from the most recent FOMC meeting were released. The Fed announced that it will continue purchasing $85 billion a month of mortgage-backed and Treasury securities, as they feel the larger economic landscape still possesses several red flags. The minutes showed that policymakers remain divided on the central bank’s exit strategy, forcing Wall Street to take breather after all three major U.S. indexes closed at fresh multi-year highs [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Lower After Fed Minutes Following the release of the Fed minutes, all three major U.S. equity indexes fell to close in negative territory today. The S&P 500 ETF tumbled 1.25%, as its underlying index posted its worst single-day drop in 2013. The Dow Jones Industrial Average ETF slipped 0.78%, while the tech-heavy Nasdaq ETF fell 1.54%. In Europe, markets were slightly lower after the Bank of England’s minutes indicated [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Wall Street Takes A Hit From Apple Upset Daily ETF Roundup: Stocks Pop On Earnings Euphoria Daily ETF Roundup: Stocks Close Higher On More M&A Deals Daily ETF Roundup: Stocks End Mixed, S&P Posts Seventh Weekly Gain Daily ETF Roundup: Stocks Little Changed Despite M&A Activity
Yesterday’s M&A-induced euphoria quickly faded after the minutes from the most recent FOMC meeting were released. The Fed announced that it will continue purchasing $85 billion a month of mortgage-backed and Treasury securities, as they feel the larger economic landscape still possesses several red flags. The minutes showed that policymakers remain divided on the central bank’s exit strategy, forcing Wall Street to take breather after all three major U.S. indexes closed at fresh multi-year highs [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Lower After Fed Minutes Following the release of the Fed minutes, all three major U.S. equity indexes fell to close in negative territory today. The S&P 500 ETF tumbled 1.25%, as its underlying index posted its worst single-day drop in 2013. The Dow Jones Industrial Average ETF slipped 0.78%,  while the tech-heavy Nasdaq ETF fell 1.54%. In Europe, markets were slightly lower after the Bank of England’s minutes indicated [...]

Click here to read the original article on ETFdb.com.

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