Obama Grants Interview to Racist Teen Nude Picture Website
Source: deadspin.com - Wednesday, August 29, 2012
Daily ETF Roundup: Isaac Strikes, Beige Book Tells Mixed Story
Source: www.businessinsider.com - Wednesday, August 29, 2012
The release of the Fed’s Beige Book today left investors even more leery ahead of Chairman Ben Bernanke’s speech on Friday. In the minutes from the last FOMC meeting, the Fed had given the markets yet another strong signal that it is preparing to take action to boost the nation’s lackluster recovery, but had emphasized that further measures would not be taken if the economy was back on track for a substantial and sustainable recovery. And with the indications made in today’s Beige Book, many are concerned that these “stipulations” the Fed has put on will leave many investors disappointed with Bernanke’s speech at Jackson Hole. According to the Beige book, the economy continued to show improvement in July and early August, but cited that manufacturing activity was weaker across the country. In line with the Fed’s assessment, a revision of the U.S.’s second quarter GDP also came in better than expected, showing an economic expansion of 1.7%. Despite multiple signs painting a much brighter picture for the economy, trading was muted as investors continued to remain cautious [find ETFs for every investment objective with the ETF Screener ]. Global Market Overview: Isaac Strikes, Beige Book Tells Mixed Story All three major indexes managed to eke out modest gains on the day, with tech-heavy Nasdaq ( QQQ ) logging its fourth-straight session higher. The S&P 500 ( SPY ) gained a mere 0.08%, led by a strong performance of telecom stocks.
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