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Data, Budget Negotiations Lower Stocks

Data, Budget Negotiations Lower Stocks (Bloomberg)

Stocks fell today, as investors considered the effects both federal budget negotiations and better-than-expected economic data would have on the timing and magnitude of stimulus cuts from the Federal Reserve. “In front of the prospect of a budget deal and the Fed’s meeting next week, there’s a little bit of nervousness,” Dan Greenhaus, chief global strategist with BTIG LLC in New York, said. “You’re inclined to trade sideways and I think that’s what’s happening. We had a very strong day on Friday, so some digestion of a more than 1 percent move up is not out of the question.”

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Stocks fell today, as investors considered the effects both federal budget negotiations and better-than-expected economic data would have on the timing and magnitude of stimulus cuts from the Federal Reserve.

archive

Data, Budget Negotiations Lower Stocks

Stocks fell today, as investors considered the effects both federal budget negotiations and better-than-expected economic data would have on the timing and magnitude of stimulus cuts from the Federal Reserve.

Data, Budget Negotiations Lower Stocks (Bloomberg)

Stocks fell today, as investors considered the effects both federal budget negotiations and better-than-expected economic data would have on the timing and magnitude of stimulus cuts from the Federal Reserve. ??In front of the prospect of a budget deal and the Fed??s meeting next week, there??s a little bit of nervousness,? Dan Greenhaus, chief global strategist with BTIG LLC in New York, said. ??You??re inclined to trade sideways and I think that??s what??s happening. We had a very strong day on Friday, so some digestion of a more than 1 percent move up is not out of the question.?

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