The Latest News:

  • U.S. stocks slipped from their record high Thursday, with consumer and tech stock lagged behind other sectors, reports Joseph Ciolli for Bloomberg.
  • “The market still wants to be positive and has this feeling of goodwill, but at times it runs into a little bit of resistance,” Robert Pavlik, chief market strategist at Banyan Partners LLC, said in the Bloomberg article. “Nobody wants to buy at an all-time high, and that’s where we are. People are a little bit more cautious. As we get closer to the payroll report, we’ll be in wait and see mode.”
  • Investors remain hesitant in making large bets ahead of the monthly government jobs report slated for Friday.
  • “Most people are assuming whatever happens, the market will take it in stride. If it’s a weak number, it’s weather related. If it’s a very strong number, Yellen’s not going to get pushed into tapering any faster,” Art Cashin, director of floor operations at UBS, said in a CNBC article. “They think it’s kind of a no lose proposition.”

PowerShares Dividend Achievers Portfolio

For past stories in this series, visit our ETF Spotlight category.

Max Chen contributed to this article.