A slew of disappointing economic reports along with looming concerns surrounding the fiscal cliff discussions had investors pulling back, as many were reluctant to make big bets ahead of the weekend. While investors continued to weigh the probability of Congress coming to a viable solution, U.S. consumer spending came in surprisingly lower, falling 0.2% last month – the first decline since May. Personal incomes, however, were little changed, though analysts had expected a 0.2% increase. Also bucking economist’s expectations of an increase, the core price-consumption-expenditures index came in unchanged [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Stocks Pull Back On Mixed Economic Data U.S. equities ended narrowly mixed during today’s lackluster trading session. Tech-heavy Nasdaq slipped into negative territory, logging in a 0.06% loss. The Dow Jones Industrial Average managed to finish above the psychologically-important 13,000 level again today with its gain of a mere 0.03%. Meanwhile the S&P 500 posted a 0.02% uptick. In Europe, markets were [...] Click here to read the original article on ETFdb.com. Related Posts: This Week In ETFs: November 20th Edition Daily ETF Roundup: A Slow Cyber Monday ETF Insider: Debt Drama Spoils Confidence ETFdb Analyst Picks: Fiscal Cliff Woes Are Here To Stay A Week Later, ETF Winners And Losers From The Election
A slew of disappointing economic reports along with looming concerns surrounding the fiscal cliff discussions had investors pulling back, as many were reluctant to make big bets ahead of the weekend. While investors continued to weigh the probability of Congress coming to a viable solution, U.S. consumer spending came in surprisingly lower, falling 0.2% last month – the first decline since May. Personal incomes, however, were little changed, though analysts had expected a 0.2% increase. Also bucking economist’s expectations of an increase, the core price-consumption-expenditures index came in unchanged [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Stocks Pull Back On Mixed Economic Data U.S. equities ended narrowly mixed during today’s lackluster trading session. Tech-heavy Nasdaq slipped into negative territory, logging in a 0.06% loss. The Dow Jones Industrial Average managed to finish above the psychologically-important 13,000 level again today with its gain of a mere 0.03%. Meanwhile the S&P 500 posted a 0.02% uptick. In Europe, markets were [...]
Click here to read the original article on ETFdb.com.
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