October 24, 2012 at 17:56 PM EDT
Daily ETF Roundup: Fed Reiterates Grim Economic Outlook
Following yesterday’s steep losses, U.S. markets took another hit today after the Federal Reserve reiterated its economic concerns during the FOMC meeting. The Fed also announced that it will keep interest rates at “exceptionally low” levels, and that it will continue buying $40 billion in mortgage-backed securities each month in an effort to prop up the frail economy. Bernanke’s grim outlook had investors pushing stocks into negative territory, despite U.S. home prices being reported to have risen for the seventh straight month and newly built homes rising to the highest level in more than two years in the month of August [see Free Report: How To Pick The Right ETF Every Time]. Global Market Overview: Fed Reiterates Grim Economic Outlook The S&P 500 (SPY) came in at the bottom of the barrel, shedding 0.31% during the session. The Dow Jones Industrial Average (DIA) and tech-heavy Nasdaq (QQQ) also ended in negative territory, sliding 0.19% and 0.29%, respectively. In [...] Click here to read the original article on ETFdb.com. Related Posts: Brief History Of ETFs ETFs To Invest In The World’s Richest Countries Daily ETF Roundup: Helicopter Ben And Hurricane Isaac ETF Recap: Lawsuits, Facebook, And Fee Cuts (Oh My!) Three ETFs To Watch This Week: EWJ, IAU, SOCL
Following yesterday’s steep losses, U.S. markets took another hit today after the Federal Reserve reiterated its economic concerns during the FOMC meeting. The Fed also announced that it will keep interest rates at “exceptionally low” levels, and that it will continue buying $40 billion in mortgage-backed securities each month in an effort to prop up the frail economy. Bernanke’s grim outlook had investors pushing stocks into negative territory, despite U.S. home prices being reported to have risen for the seventh straight month and newly built homes rising to the highest level in more than two years in the month of August [see Free Report: How To Pick The Right ETF Every Time].  Global Market Overview: Fed Reiterates Grim Economic Outlook The S&P 500 (SPY) came in at the bottom of the barrel, shedding  0.31% during the session. The Dow Jones Industrial Average (DIA) and tech-heavy Nasdaq (QQQ) also ended in negative territory, sliding 0.19% and 0.29%, respectively. In [...]

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

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