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POWERSHARES QQQ TRUST SENIOR 1 ETF (QQQQ) 43.44 -$0.22 (-0.50%) 04:54AM (15 mins delay)

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ETF Market Trends: Market Responds to Fed with Volatility

Nov 05, 2009 - 2:29 AM EST

J Clinton Hill submits:

ETF Market Direction Summary: 11-04-2009

Wednesday’s comments will be brief. As expected, the Fed Reserve left interest rates unchanged and reiterated its policy to keep interest rates near zero. It also emphasized for the first time that rates will remain near zero if inflation expectations are stable and unemployment remains high. The market responded with volatility and ceded most of its gains and the U.S. dollar weakened as well.

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Source: Seeking Alpha (Nov 05, 2009 - 2:29 AM EST)