Daily ETF Roundup: Stocks Pull Back On Fed And Lackluster GDP

Today’s Federal Reserve monetary policy announcement and upsetting economic data put selling pressures back on Wall Street, as bearish sentiment quickly swept over recent earnings euphoria. The central bank indicated that it will continue purchasing $85 billion each month of long-term Treasury and mortgage-backed securities, stating that economic activity has “paused in recent months”. To add insult to injury, U.S. GDP came in unexpectedly at an anemic 0.1% decline, bucking economists’ expectations of a 1% uptick [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Pull Back On Fed And Lackluster GDP After today’s Fed announcement and lackluster GDP report, all three major U.S. equity indexes pulled back, closing in negative territory. The Dow Jones Industrial Average ETF logged in a 0.34% loss, as its underlying index shifted further away from the psychologically-important 14,000 level. The S&P 500 ETF fell 0.39%, while the tech-heavy Nasdaq ETF slipped 0.21%. In Europe markets were [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Excitement Simmers On Mixed News Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Another Day, Another Sell-Off Daily ETF Roundup: S&P 500 Tops 1500 Daily ETF Roundup: Wall Street Takes A Hit From Apple Upset