real-time news and commentary for investors
Wednesday, Aug 21
Stocks reverse course to turn higher
- Following a knee-jerk reaction sharply lower, stocks turn green after taking a few minutes to digest the FOMC minutes, and maybe figuring the initiation of the taper is old news at this point. The FOMC also seemed to go out of its way to reassure markets it won't try and get ahead of the economic data (though an older breed of bond buyer would find that very much not assuring).
- S&P 500 (SPY +0.2%), Nasdaq 100 (QQQ +0.4%), DJIA (DIA flat).
- Other index ETFs: IVV, SPY, VOO, RWL, SFLA, SSO, UPRO, SDS, SPXU, SH, EPS, RSP, BXUB, BXUC, BXDB, QQQ, QQEW, TQQQ, QID, SQQQ, PSQ, QLD, QQQE, DIA, DDM, UDOW, DXD, SDOW, DOG.