May 22, 2013 at 17:31 PM EDT
Daily ETF Roundup: TLT Tumbles On Fed Tapering Fears, XLB Slumps
Markets took their cue from Ben Bernanke today, as the chairman commented on the Fed’s monetary policy before the Senate’s Joint Economic Committee in Washington. Though Bernanke stated that the central bank will continue its current stimulus measures, he indicated that changes may be made, but when they will happen, he simply “does not know”. The latest FOMC minutes reported today also reflected this sentiment, stating that a number of participants this month favored tapering the central bank’s $85 billion a month bond-buying program as early as the June meetings. Bernanke and the FOMC did, however, stress that no changes would be made without sufficient evidence of strong and sustained economic growth [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: TLT Tumbles On Fed Tapering Fears, XLB Slumps Following Bernanke’s testimony and the release of the latest FOMC minutes, all three major U.S. equity indexes fell to close [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Close Higher As Earnings Season Kicks Off Daily ETF Roundup: Healthcare Shares Boost IHI And XLV Daily ETF Roundup: DBP Pops On Fed Speculations, XLE Rallies Daily ETF Roundup: YCS Pops On Strong Dollar, XLE Rallies Daily ETF Roundup: IGN Pops After Cisco Earnings, XLV Slumps
Markets took their cue from Ben Bernanke today, as the chairman commented on the Fed’s monetary policy before the Senate’s Joint Economic Committee in Washington. Though Bernanke stated that the central bank will continue its current stimulus measures, he indicated that changes may be made, but when they will happen, he simply “does not know”.  The latest FOMC minutes reported today also reflected this sentiment, stating that a number of participants this month favored tapering the central bank’s $85 billion a month bond-buying program as early as the June meetings. Bernanke and the FOMC did, however, stress that no changes would be made without sufficient evidence of strong and sustained economic growth [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: TLT Tumbles On Fed Tapering Fears, XLB Slumps Following Bernanke’s testimony and the release of the latest FOMC minutes, all three major U.S. equity indexes fell to close [...]

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

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