Stocks struggled to find a definitive direction today as slumping energy stocks offset better-than-expected economic readings. New York factory activity was reported to have expanded this month, the first major uptick seen since July. Consumer sentiment also topped analysts’ expectations in a preliminary reading for February, while U.S. industrial production fell, but lower than forecasted. Meanwhile, the Group of 20 finance ministers and central bankers met in Moscow today to discuss the issues and fears surrounding the latest trend of competitive currency devaluations seen around the globe [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Mixed, S&P Posts Seventh Weekly Gain With no major catalysts, U.S. equity indexes closed mixed on the day. The S&P 500 ETF logged in a 0.12% loss, though its underlying index managed to pull off its seventh-straight week higher, the longest weekly win streak in over two years. The tech-heavy [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Little Changed Despite M&A Activity Daily ETF Roundup: Stocks End Mixed Daily ETF Roundup: Stocks Rally Ahead of Obama’s State of the Union Daily ETF Roundup: Stocks Dragged By Energy In Lackluster Session Daily ETF Roundup: Stocks End Lower After Volatile Session
Stocks struggled to find a definitive direction today as slumping energy stocks offset better-than-expected economic readings. New York factory activity was reported to have expanded this month, the first major uptick seen since July. Consumer sentiment also topped analysts’ expectations in a preliminary reading for February, while U.S. industrial production fell, but lower than forecasted. Meanwhile, the Group of 20 finance ministers and central bankers met in Moscow today to discuss the issues and fears surrounding the latest trend of competitive currency devaluations seen around the globe [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks End Mixed, S&P Posts Seventh Weekly Gain With no major catalysts, U.S. equity indexes closed mixed on the day. The S&P 500 ETF logged in a 0.12% loss, though its underlying index managed to pull off its seventh-straight week higher, the longest weekly win streak in over two years. The tech-heavy [...]
Click here to read the original article on ETFdb.com.
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