The Latest News:
- U.S. stocks were off for the third session in a row Wednesday on weaker economic data.
- The sell-off was triggered on news that orders for durable goods dipped 1.4% in February month-over-month, which suggested that the economy slowed at the start of the year, the Wall Street Journal reports.
- “The concern about the durable goods orders being down is that the economy is slowing and consumers are spending less,” Greg Peterson, director of investment research at Ballentine Partners, said in the WSJ article.
- However, some argue that investors shouldn’t put too much stock in the durable goods numbers since the severe winter storms kept consumers from shopping.
Lattice US Equity Strategy ETF
Source: Yahoo! Finance
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.