U.S. equities finished the session narrowly mixed, closing out the rather lackluster month of July. At today’s highly anticipated Fed policy statement, the central bank said it will continue to purchase $85 billion in mortgage and Treasury securities per month. The Fed indicated that modest growth rates, higher mortgage rates and low inflation were the primary factors behind their decision to keep its easy-money policies. In other economic news, the U.S. economic growth rate unexpectedly accelerated in the second quarter with GDP growing at a 1.7% annual rate. In a separate report, private employers added 200,000 jobs in July, beating economists’ expectations [see also The Complete Visual History Of SPY]. Global Market Overview: Stocks Close Mixed, IEO And IGV Rise Following today’s upbeat economic reports and the Fed’s policy statement, only one major U.S. equity index managed to close in positive territory. The tech-heavy Nasdaq ETF rose 0.11% after its underlying index hit its best level [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: IEO Jumps After Pioneer Natural Resources Earnings, IYW Pops Daily ETF Roundup: Stocks End Mixed, S&P Posts Seventh Weekly Gain Daily ETF Roundup: MOO Tumbles After Russian Potash News, VOX Slumps Daily ETF Roundup: BJK Slumps After Wynn Resorts Earnings, XLE Slips Daily ETF Roundup: Stocks End Flat, PEJ Rallies After Starbucks’ Earnings
U.S. equities finished the session narrowly mixed, closing out the rather lackluster month of July. At today’s highly anticipated Fed policy statement, the central bank said it will continue to purchase $85 billion in mortgage and Treasury securities per month. The Fed indicated that modest growth rates, higher mortgage rates and low inflation were the primary factors behind their decision to keep its easy-money policies. In other economic news, the U.S. economic growth rate unexpectedly accelerated in the second quarter with GDP growing at a 1.7% annual rate. In a separate report, private employers added 200,000 jobs in July, beating economists’ expectations [see also The Complete Visual History Of SPY]. Global Market Overview: Stocks Close Mixed, IEO And IGV Rise Following today’s upbeat economic reports and the Fed’s policy statement, only one major U.S. equity index managed to close in positive territory. The tech-heavy Nasdaq ETF rose 0.11% after its underlying index hit its best level [...]
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