POWERSHARES QQQ $73.47
-0.11
19/6/2013 12:19 PM
|
NASDAQ
:
QQQ
| Industries :
| Last Trade: |
73.47 |
| Trade Time: |
Jun 19 12:25 PM Eastern Daylight Time |
| Change: |
-0.11 (-0.15 %) |
| Prev Close: |
73.58 |
| Open: |
73.57 |
| Bid: |
73.47 |
| Ask: |
73.48 |
Quotes displayed are delayed by 15 minutes. Market data is provided by
Telvent DTN
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Bullish momentum returned on Wall Street today, pushing equities to the highest levels in almost three weeks as the Federal Reserve kicked off their two-day meeting to discuss its bond-buying program. In economic news, the consumer price index for May rose 0.1%, slightly below expectations.
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U.S. equities got off to a relatively strong start as investors turned their attention to the Federal Reserve meeting later this week. In economic news, the New York Fed’s Empire State manufacturing index rose to 7.84 in June, indicating an expansion; analysts had expected a reading of zero.
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U.S. equities finished off a volatile week in the red today, following a slew of mixed economic data and lingering Fed tapering concerns. In economic news, the University of Michigan’s preliminary consumer sentiment reading came in at 82.7, below the 84.5 expectation.
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Wiping out the previous session’s losses, U.S. equities rallied to close near session highs today following several upbeat economic reports. The Labor Department reported that weekly jobless claims declined 12,000 to a seasonally adjusted 334,000, the lowest level in nearly five years.
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It was another choppy trading session on Wall Street today, with the Dow Jones Industrial Average posting its first three-day losing streak in 2013 and closing below 15,000 level. With no major economic news on tap for today, investors turned their attention once again to Fed tapering, with many speculating when exactly the central bank will begin scaling back bond purchases.
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U.S. equities were in for a wild ride today, as investors digested the Bank of Japan’s latest monetary policy decision. The BOJ announced that it will keep its key interest rate and asset-buying program unchanged, a sign that economic recovery may be picking up.
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