Budget Deal Weighs on Markets As Fed Seen Having Breathing Room For Taper

By
A A A

The equity markets limped into the close again today after news of a bipartisan budget deal draft ignited jitters that the Federal Reserve has room to choke off some liquidity. After stabilizing earlier this afternoon, the slide in the Dow Industrials gained momentum this afternoon as traders positioned themselves defensively before tomorrow's pivotal economic data which includes initial jobless claims and retail sales. Equities were also weighed down by competition from the Treasury market with the 2.90% 10-year note luring yield-hungry investors.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Shazam - The Future
Shazam - The Future                 

Stocks

Referenced

Most Active by Volume

61,752,026
  • $16.33 ▲ 0.25%
33,545,351
  • $3.56 ▼ 0.84%
32,310,905
  • $100.889 ▼ 0.64%
29,685,674
  • $18.23 ▲ 0.83%
27,212,745
  • $48.17 ▲ 4.49%
26,597,975
  • $29.80 ▼ 6.85%
25,437,805
  • $26.01 ▼ 0.73%
23,756,950
  • $19.29 ▲ 0.73%
As of 8/26/2014, 04:06 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com