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Weekly Market Recap Sep 24, 2017

TedTed
edited September 2017 in Fund Discussions
FYI: Four days of mild gains offset by a day of modest losses led to a quiet week. For the week the S&P 500 gained 0.4%, the NASDAQ fell 0.3% while the Russell 2000 was the standout with a gain of 1.3%. The Federal Reserve did announce the long awaited draw down of it’s balance sheet which was of no surprise – and the market’s reaction was muted. The Fed ended it’s massive bond buying program in 2014, but continued to reinvest maturing bonds to keep the balance sheet from shrinking.
Regards,
Ted
https://www.stocktrader.com/2017/09/25/weekly-market-recap-sep-24-2017/

Comments

  • catch22catch22
    edited September 2017
    From the article:
    For the week the S&P 500 gained 0.4%,

    A typo, eh?
    SPY was at +.1% for the week.
  • TedTed
    @catch22: SPY is not SPX ! SPY is a ETF that's holdings track SPX. I don't believe it was a typo, remember SPY has an ER of 0.10%
    Regards,
    Ted
  • catch22catch22
    SPX: Yup, checked SPX earlier, too. Bold below is for last week.......at .08%.

    SPX 0.06 0.08 2.03 2.78 11.76
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