Financial Markets Mixed as Obama's Budget Meets Criticism from the Congress

The financial markets were mixed yesterday. Wall Street initially climbed higher as driven by China's trade data, M&A news and bullish comments from Fed's Dudley that while the economy is 'not yet well', 'conditions are in place for higher growth' with the help of QE measures. Gains were pared as earnings reports contained some disappointments and President Obama's budget plan was criticized by lawmakers. DJIA and S&P 500 slipped -0.04% and -0.24% respectively.

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Financial Markets Mixed as Obama's Budget Meets Criticism from the Congress