logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

SPDR S&P 500 (SPY) Up on Solid Day for American, Emerging Market Stocks

By  +Follow January 14, 2014 8:04AM
Share:
Tickers Mentioned:

Global markets appeared to enjoy a universally positive day on Tuesday, with major indices up in America and abroad, pulling up some of the most-actively traded ETFs in the process.

DJIA, S&P 500, Nasdaq Have Big Days, Boosting American Equities ETFs

The Dow Jones Industrial Average was up over 0.5 percent by mid-day, with the S&P 500 approaching 0.9 percent gains and the Nasdaq up almost 1.5 percent in the same time frame.

This, in turn, meant the SPDR S&P 500 ETF ($SPY) was up about 0.9 percent, and the SPDR Dow Jones Industrial Average ETF ($DIA) gained over 0.5 percent. The PowerShares QQQ Trust ($QQQ) saw gains exceeding 1.75 percent, the Vanguard Total Stock Market ETF (VTI) jumped almost 1 percent, and the iShares Russell 1000 Value Index Fund ($IWD) was up about 0.75 percent. Small-cap companies weren’t left out of the party, with

Driving the gains were positive data on retail sales for December. December saw retail sales increase 0.7 percent excluding automobiles, gasoline, building materials, and food services.

“Christmas was not as bad as everyone thought,” said Chris Gaffney, senior market strategist with EverBank. “The markets were set up for a poor reading.”

It also showed resiliency for this market, with gains coming the day after the DJIA slumped some 179 points, or 1.1 percent.

"The retail sales are painting a better economic backdrop than payrolls did, and investors are using recent weakness as an opportunity to buy," said Mike Gibbs, co-head of the equity advisory group at Raymond James.

Emerging Markets ETFs Also Rising on China Stocks Bounce

Emerging market equities also saw gains, with the iShares MSCI Emerging Markets Index ETF (EEM) showing gains approaching 1 percent by mid-day. It was a return to strength after two rough weeks that had EEM down over 4 percent in 2014.

Much of this decline had been driven by plunging Chinese equities, with the Shanghai Shenzen 300 off 5.5 percent since the start of the year to yesterday and the Shanghai Composite Index falling 4.7 percent to 2,009.56 at the end of yesterday’s trading.

Tuesday, though, brought a rebound, possibly driven by investors seeing a market at its lowest since the start of August and searching out value-buys. The Shenzen 300 and Shanghai composite bounced almost 0.9 percent.

“With the market approaching the 2,000 level, some investors are bottom-fishing,” said Jingxi Investment Management Co.’s chief investment officer Wang Zheng. “Concern over IPO sales is still the biggest factor that is weighing on the sentiment as some of these companies are selling at very high prices.”

Major China ETFs were on the rise as a result, with both the iShares FTSE China 25 Index ETF (FXI) and the iShares MSCI China Index Fund ($MCHI) jumping just over 1 percent.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for SPY
Prop_Trader
2 Mar 15 16:28:30
By all means be my guest & short the $MKT if you think a 5 to 9% pullback is coming just cuz of an "overbought" indicator $SPY
Prop_Trader
2 Mar 15 16:25:01
lets see how well those shorting $MKT just cuz it is "overbought" will do thinking a pullback is coming in the next few weeks $SPY
Abdulrahman & U.S. &
2 Mar 15 16:24:07
I have $qqq $spy $dia $z $mcd $yhoo $baba $grpn all of them are calls, have been bullish in this market for a while,
Josh
2 Mar 15 16:20:33
$DGLY 13.89 print AH police body cameras in the news, LAPD shooting hitting headlined a today. $SPY $TWTR $TASR
Baidu Planet ●
2 Mar 15 16:10:18
RT @MatrixMarkets: Dow Jones Industrial Avg & S&P 500 Close at All-Time Highs YTD +2.7% & +3.1% $DIA $SPY #USA #economy #tcot #p2 http://t.…
TheStreetOptions
2 Mar 15 16:03:48
Myths About The Stock Market - $spy Please #RT http://t.co/iLxCxzHI0k
Apple Reporter ●
2 Mar 15 16:03:15
RT @MatrixMarkets: Dow Jones Industrial Avg & S&P 500 Close at All-Time Highs YTD +2.7% & +3.1% $DIA $SPY #USA #economy #tcot #p2 http://t.…
Scott Redler
2 Mar 15 16:01:49
Some good company here. Thanks for including my thoughts $spx $spy $qqq http://t.co/vVJIyaDhA9
Prop_Trader
2 Mar 15 16:01:42
how high is $MKT going to go while those with a CMT calling overbought $MKT looking for a pullback. Sometimes technicals do not work $SPY
Jeff Sandene, CFP®
2 Mar 15 16:00:33
RT @andrewnyquist My latest "Market Navigator" newsletter. http://t.co/z3mIypMXDr | $SPY $EEM $FXI $EWZ $DAX $NIKK $VIX $STUDY
OM_giveaways
2 Mar 15 15:59:06
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBOWo2Z http://t.co/zNdWyB1jiv
Prop_Trader
2 Mar 15 15:58:38
Interesting the $MKT continues to make new all time highs while those with a CMT continue calling an overbought $MKT. $SPY
Financial Controls ۩
2 Mar 15 15:58:00
RT @MatrixMarkets: Dow Jones Industrial Avg & S&P 500 Close at All-Time Highs YTD +2.7% & +3.1% $DIA $SPY #USA #economy #tcot #p2 http://t.…
Andy Nyquist
2 Mar 15 15:55:46
My latest "Market Navigator" newsletter for this week - http://t.co/7M286i4tod | $SPY $EEM $FXI $EWZ $DAX $NIKK $VIX $STUDY
OIC
2 Mar 15 15:55:27
Today's Most Active #Options http://t.co/vPHxAbJqr7 $SPY $AAPL $SPX $IWM $QQQ
Top ETF Funds
2 Mar 15 15:52:59
The Bangladesh Butter Indicator Says Buy!.. http://t.co/RxkgpIjt4u $SPY #ETF #ETFs #Stocks
Google Investor ♦
2 Mar 15 15:50:19
RT @MatrixMarkets: Dow Jones Industrial Avg & S&P 500 Close at All-Time Highs YTD +2.7% & +3.1% $DIA $SPY #USA #economy #tcot #p2 http://t.…
Kenny
2 Mar 15 15:46:20
RT @etfguide: (AUDIO) Analyzing & Grading a $1.4m Portfolio + Tidbits from March ETF strategy report http://t.co/8UZARwVNlX $QQQ $SPY $AAPL
Boom Doom Economy ♦
2 Mar 15 15:45:37
RT @MatrixMarkets: Dow Jones Industrial Avg & S&P 500 Close at All-Time Highs YTD +2.7% & +3.1% $DIA $SPY #USA #economy #tcot #p2 http://t.…
Venky Srinivasan
2 Mar 15 15:44:35
$SPY Trend and price are your friends - follow them until they are not. http://t.co/aHhQDiuk3h
Osprey Flyer ^v^
2 Mar 15 15:43:02
RT @MatrixMarkets: Dow Jones Industrial Avg & S&P 500 Close at All-Time Highs YTD +2.7% & +3.1% $DIA $SPY #USA #economy #tcot #p2 http://t.…
howardlindzon
2 Mar 15 15:38:47
RT @JackDamn: The @StockTwits broad market Social heat map shows strong bullish interest in Technology. Utilities were dumped. $SPY http://…
Options Trader
2 Mar 15 15:35:33
Apple, Google poaching settlement appears headed for approval: SAN FRANCISCO (Reuters) - A U.S.... http://t.co/Dnypyg6eNm $SPY $QQQ $IWM
Inside Stock Alerts
2 Mar 15 15:35:32
Apple, Google poaching settlement appears headed for approval: SAN FRANCISCO (Reuters) - A U.S.... http://t.co/d1v1rzd09W $SPY $QQQ $IWM
Trader100D1M
2 Mar 15 15:31:59
RT @smtraderCA: the arrows point to the candle I tweeted earlier of a possible turn..watch d price action! $ES_F $SPX $SPY http://t.co/71Eg…
El Duque
2 Mar 15 15:29:38
ON session should yield information RE ECB-motivated buying. B/B 09 | below 06,02,00 | above 12,17,20,? #ES_F $SPY http://t.co/iTfLwf0xwm
John Miller
2 Mar 15 15:29:36
Of course he wants #Fed hike being short $SPY, U.S. #bonds and #gold: Druckenmiller http://t.co/QVWzfIiaGQ
Matrix Markets $
2 Mar 15 15:27:52
Dow Jones Industrial Avg & S&P 500 Close at All-Time Highs YTD +2.7% & +3.1% $DIA $SPY #USA #economy #tcot #p2 http://t.co/ORIkr1OQxO
El Duque
2 Mar 15 15:27:23
Saw obvious selling into this strength, but seemed casual overall. Favoring continued upward movement given this buying tail. #ES_F $SPY
offset
2 Mar 15 15:26:32
@reeltrader21 going to be lean times for $SPY shorties over springbreak.have too skip my girls gone wild parties in the Hamptons this season
speculation
2 Mar 15 15:25:50
@RanchoDinero what about those singles 2106.75-2102? $spy
El Duque
2 Mar 15 15:24:54
Balanced profile, re-confirmed last weeks' balance/value area. Close emboldens EU bulls? May breakout ON. #ES_F $SPY http://t.co/JuLLNUqMJb
Learnstocks101
2 Mar 15 15:23:50
$SPY closed over 211.65 which was first resistance at 127.2 extension
ChartMasterpieces
2 Mar 15 15:22:30
"@SangLucci: In case you missed it live, here it is again: interview w/ @HFTAlert Steve Hammer $SPY $AAPL $FB $GPRO http://t.co/GZfdqr7fFh"
TheTechnicalTraders
2 Mar 15 15:22:21
Investors Forecast - BIG PICTURE Stuff: http://t.co/TLVibi66cN $TLT $SPY $GLD $es_f
Blanco Options
2 Mar 15 15:20:35
RT @HFTAlert: In case you missed it live, here it is again: http://t.co/GI4mDXTZIq @sanglucci interview with @HFTAlert Steve Hammer $SPY $…
David Settle
2 Mar 15 15:20:26
03/02/15 - Today's Market Forecast™ video can be viewed here: http://t.co/DVbHyKNTBy $SPY $USO $UUP $TLT $XLY $ULTA
Michele Schneider
2 Mar 15 15:19:05
[Mish's Daily] for 3/3/2015: Someone is Saying Baaaaahhhhddd Things About Me? $SPY $IWM $QQQ $DIA $XLF http://t.co/4X6K4OhJhv
Sang Lucci
2 Mar 15 15:18:20
RT @HFTAlert: In case you missed it live, here it is again: http://t.co/GI4mDXTZIq @sanglucci interview with @HFTAlert Steve Hammer $SPY $…
HFTAlert
2 Mar 15 15:17:29
In case you missed it live, here it is again: http://t.co/GI4mDXTZIq @sanglucci interview with @HFTAlert Steve Hammer $SPY $AAPL $FB $GPRO
Peter Rumble
2 Mar 15 15:13:16
493$ target & Outperform rating $ICPT Intercept Pharmaceuticals PT Set at $493.00 by Wedbush http://t.co/Qv5pj9x5fJ $SPY $IBB $BLUE
CodyHindSTA
2 Mar 15 15:08:58
Trading Expectancy: The Power of an Edge http://t.co/tQJMA9mDId $ES_F $SPY $SPX
FMD Capital
2 Mar 15 15:08:18
If you have been sitting on the sidelines during this rally, the margin for error is razor thin. Some thoughts: http://t.co/ItKzDiVD7U $SPY
XM Capital
2 Mar 15 15:06:56
Bull Market. $SPY $QQQ http://t.co/v5r6gJoELC
TheStreetOptions
2 Mar 15 15:06:34
Your Budgeting Questions Answered - $spy Please #RT http://t.co/wIw9PO1UoQ
Alpha Maven Alerts
2 Mar 15 15:01:55
$GOOG active, relative volume: 3.42, 1H, 6:00 PM EST, 2 Mar, #nasdaq $NDX $SPY
Charles Sizemore
2 Mar 15 15:00:58
The Bangladesh Butter Indicator Says Buy! http://t.co/va1ug9Ot5l $MACRO $SPY $STUDY
speculation
2 Mar 15 15:00:36
most likely will playing $spy for a fade tmrw. single prints this morning 2106.75 through 2102. hoping for a gap up or opening drive early.
Carolyn B Miciano
2 Mar 15 15:00:14
Free course on portfolio hedging http://t.co/OroJJ5pvNb $SPY $QQQ $IWM
Sentiquant
2 Mar 15 15:00:06
#toptickertweets $AAPL $LL $SPY $FB $TSLA $BBRY $GOOG $GPRO $QQQ $GOOGL #sentiquant 20150302 18:00:10:014
				
				
By  +Follow January 14, 2014 8:04AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.